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India Mascon Global, India's best performing stock in the past 12 months, intends to raise around $32m in fresh capital through the sale of stock to foreign institutional investors. Mascon develops software for Mastercard International. Shares in the company have risen almost 30-fold in the past year.

NTT DoCoMo is today (Friday) due to embark on premarketing for its presaged effort to raise around ¥900bn, the equivalent of around $7.75bn. The company wants to sell 460,000 shares and, as reported in EuroWeek last week, has hired Goldman Sachs and Nikko Salomon Smith Barney to handle the deal. The issue will move to a roadshow and bookbuild between January 22 and February 2, with pricing around February 5 or 6, according to senior bankers. The premarketing begins in the US and Europe today (Friday) and in Tokyo on Monday.

Premarketing of the CNOOC dual listing on the New York Stock Exchange and in Hong Kong began on Monday this week. CNOOC will sell 1.642bn shares of which 88% are new shares and 12% secondary from the government holding. There is also a greenshoe of up to 13.17% of the offer. Bank of China International, Credit Suisse First Boston and Merrill Lynch are jointly handling the transaction.

Crédit Lyonnais Securities Asia (CLSA) got off to a rapid start in 2001 by selling a block of 180m shares in Sino Land to raise HK$783m ($100m). The issue is the first large share sale of the new year and, by most accounts, was not an easy deal. "Several property companies have been feeling out the market to raise money, and we are pleased to have completed the deal in what are still rather volatile conditions," said Adam Moss on the syndicate desk at CLSA.

South Africa The $100m loan for RMB International (Dublin) has been launched to general syndication. Mandated arranger Mizuho Financial Services has been joined by arrangers Bayerische Landesbank, Crédit Agricole Indosuez, HypoVereinsbank, KBC and Standard Chartered. First Union Bank joined as a senior co-arranger.

Akademiska Hus has reopened the Sfr200 million ($124.04 million) bond issue launched in December 2000. The first Sfr200 million tranche goes live on January 19 and the second tranche, announced yesterday, is also for Sfr200 million and will be issued on February 8. The public bond, totalling Sfr400 million, will mature in Janaury 2006 and it pays a final coupon of 3.750%. Credit Suisse First Boston lead managed the bond. Agneta Rodosi, treasurer at Akademiska Hus, says: "We consider Swiss franc very suitable for us and it is a very good complement to the japanese market, so we would like to focus on these two segments. The Japanese market can be quite slow and the funding is often for longer-dated notes. The Swiss market is a bit shorter, but we're also aware it could offer opportunities for longer funding." She adds: "The Sfr400 million bond is a big amount for us, so we have no concrete plans for another public issuance just yet." The borrower signed its $1 billion debt issuance programme in 1998 and this year's issuance has already almost doubled on last year's. In 2000 it issued three notes, totalling $130.09 million.

Hong Kong Co-ordinating arrangers BOCI Capital, Bank of Tokyo-Mitsubishi, China Construction Bank (Hong Kong), Industrial & Commercial Bank of China (Hong Kong), Mizuho Financial Group, Sanwa Bank (Hong Kong), Standard Chartered Bank and Banca Nazionale del Lavoro (Hong Kong) have launched a HK$4.25bn dual tranche fundraising for Hong Kong Air Cargo Terminals.

Australia SG is inviting banks to join a A$420m five year term loan for HEI Transmission Finance, guaranteed by Hong Kong Electric Co Ltd.

Asia * Alco Japan

* Commonwealth Bank of Australia Rating: Aa3/AA-

Two Austrian landesbanks have been involved in the euro floater sector. Hypo Alpe-Adria Bank (Alpe-Adria) will do a euro30 million ($28.71 million) structured deal on February 15 via Deutsche Bank. It has a trigger attached so that if and when 3m Euribor hits 6.15% the interest rate will become 3m Euribor-40 bps. It matures in 2011. And Vorarlberger Landes- und Hypothekenbank (Vorarlberger) has done two almost identical trades in terms of size and structure. They were lead-managed by UBS Warburg and JP Morgan, and currently pay a fixed coupon of 4.94% and 4.85% respectively. If 6m Euribor hits 6.15% though the coupons will switch to 6m Euribor-40 bps. They also go out to 2011. Both issuers have reported having difficulties in finding the right levels in the past year due to widening spreads. Gerhard Salzer, balance sheet management at Hypo, says: "It's been going well but it isn't easy. It seems to be getting harder and harder each year." And Sebastian Hoermann, funding manager at Vorarlberger, says: "Vanilla trades in euro are not really appropriate, so although the structured market is dwindling we will be looking mainly at this market for funding."

The Republic of Austria accelerated by one day the pricing of its syndicated 10 year government bond this week, illustrating the strength of demand for the credit and for EU sovereign paper. Lead managers ABN Amro, Deutsche Bank, HypoVereinsbank and UBS Warburg on Wednesday launched and priced Austria's new 10 year benchmark at 34bp over the matching German Bund, following price talk in the 35bp area. Pricing had been planned for yesterday (Thursday).