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Australia Merrill Lynch and UBS Warburg yesterday evening (Thursday) completed the accelerated bookbuild sale of 59.5m new stapled securities to raise A$200m for Mirvac Group.

THE Nasdaq IPO for ASAT Holdings, a leading semiconductor assembly and testing services provider, is back on track. Bankers in Hong Kong suggest that the postponement several weeks ago might have been too hasty, as Chartered Semiconductor's recent $1bn placement and the more than $1.1bn Taiwan Semiconductor Manufacturing issue have both performed well in recent weeks.

KOREA Exchange Bank (KEB) is finally proceeding with an upper tier 2 subordinated debt issue, following a delay due to poor market conditions in the sub debt market. The Ba2/B+ rated bank mandated Credit Suisse First Boston to lead manage the $200m, 10 year, non-call five issue in April, but the deal was subsequently delayed as international market conditions decayed. As Euroweek was going to press, sources familiar with the transaction said that it should be priced in New York by late this week or early next week. "The improved market situation and tightening Korean sub debt spreads has meant that the deal could be brought to market," said one banker. "Spreads in Korean upper tier 2 debt improved at the end of May and early June and in this week, after blowing out in May."

* The Eu81m IPO of media company IN-Motion, led by Gontard & Metallbank, was 2.5 times oversubscribed this week. The issue was priced at Eu26 from a range of Eu24-Eu27. Although the shares opened on Tuesday at Eu23.5 and fell to Eu21.5, they recovered to close at Eu24. The offer consisted of 3.1m shares, all primary apart from 270,000 existing shares. There is no greenshoe, and the freefloat of the company now represents 29% of its share capital. Of the total allocation, 40% went to retail, 40% went to German institutions and 20% went to institutions abroad. ConSors was a particularly important source of orders of over 1,000 shares.

France SG completed its seventh OCEANE bond issue of the year with a Eu49m 5.3 year deal for Nouveau Marché listed Medical. The deal, twice covered, was launched and completed on Tuesday and came at the top of the yield-to-maturity range of 5.75%-6.25%. The conversion premium was at the bottom of the 17%-21% range.

* DaimlerChrysler Australia Pacific Pty Ltd Guarantor: DaimlerChrysler AG

* National Australia Bank Rating: Aa3/AA/AA

DEUTSCHE Bank and Schroder Salomon Smith Barney priced Dutch health food giant Numico's concurrent Eu1.14bn equity and equity linked fundraisings on Tuesday, with both deals closing around seven times covered and trading up during the week. Bankers described both issues as blow-outs, with investors enthusiastic about the company's future plans. The deals will part fund the $1.8bn acquisition of vitamin and over-the-counter drug manufacturer Rexall Sundown in the US.

JP MORGAN and Crédit Agricole Indosuez launched the Eu215m-Eu250m IPO of smart card manufacturer Oberthur Card Systems to strong interest from investors eager to buy into the first company from the sector to list. The world's top three manufacturers of smart cards are French with Gemplus the dominant player. Oberthur is second globally, but leads in the production of bank cards, Visa and Mastercards and pay-TV cards.

BNP Paribas has strengthened its loan syndications and trading team in London and Paris with four new hires. Charlotte Conlan, who will be responsible for leverage financing within syndications, joins from Greenwich NatWest. Antony Gurton, who will be part of the distribution unit, joins from Crédit Lyonnais. Mark Pegrum joins European origination unit from Nikko Bank.

Two well attended bank meetings were held last week for the sell-down of the $420m conventional project term loan for Thuraya Mobile Satellite System. Banks have been invited to participate in the deal at three ticket levels: senior lead managers with takes of $20m for participation fees of 85bp; lead managers with takes of $15m for fees of 75bp; and, managers taking $10m for 65bp.

BANCA Popolare di Bergamo (BPP) this week launched a Eu390m securitisation of performing Italian mortgages - the largest issue so far backed by this still rare asset class. Lead managed by Schroder Salomon Smith Barney, the deal is in fact a repackaging of two assets - a Eu328m residential mortgage backed security that has been warehoused since December 1999 and a Eu69m pool of six triple-A rated public sector Pfandbriefe.