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India Several banks reviewing the information memorandum for the $75m five year deal for Industrial Credit & Investment Corp of India (ICICI), arranged by BA Asia, have expressed interest. Responses are due in mid-May.

The Republic of Kazakhstan surprised a nervous bond market with the launch of its delayed $350m seven year issue yesterday (Thursday), confirming the nation’s unique position in the emerging markets hierarchy.

The Republic of Kazakhstan surprised a nervous bond market with the launch of its delayed $350m seven year issue yesterday (Thursday), confirming the nation’s unique position in the emerging markets hierarchy.

Panama Barclays Bank (Miami) has completed a very successful syndication of a $100m USCP backup facility for Banco del Istmo.

Landesbank Schleswig-Holstein (LB Kiel) this week launched the first public, term securitisation by a German Landesbank, with a Eu1.007bn synthetic residential mortgage deal lead managed by WestLB. The transaction confirms the trend that Germany's banks, though slow to begin securitising, have now adopted the technique with enthusiasm, and are producing some of the asset backed market's most innovative structures.

BNP Paribas has changed the terms on Leonia Corporate Bank's Eu350m five year floating rate note launched on April 13 following a rating downgrade by Moody's. The issue now pays a coupon of Euribor plus 17.5bp instead of 12.5bp and an all-in spread of 26.5bp instead of 21.5bp originally. The issue and re-offer price remained at 99.74.

Abu Dhabi The two shortlisted bidders for the concession to develop the $1bn Tawellah A1 power and water desalination project - CMS Energy and TotalFina/Tractebel - have submitted revised technical bids for the project.

Finland * Merrill Lynch is premarketing a Eu125m equity fundraising for chip maker Aspocomp. The Helsinki-listed company expects to complete the deal by the last week of May. Aspocomp is a manufacturer of medium to high volume PCBs (printed circuit boards) and competes in the high tech service sector.

* Warburg Dillon Read has appointed Heino Teschmacher and Peter Thompson as co-heads of the European mergers and acquisitions group. They will work with existing co-head Hartmuth Jung. Teschmacher and Thompson will manage and develop the European M&A group in London, while Hartmuth will work in European origination in Frankfurt. Previous European M&A group co-heads Warren Finegold and David Sola have new positions in the company. Finegold will be head of European corporate coverage and Sola, managing director in corporate finance, has joined the internet group in the corporate finance division.