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* AIG SunAmerica Institutional Funding II Rating: Aaa/AAA

DOMESTIC politics overshadowed the Republic of Turkey's return to the international bond markets this week. But lead managers BNP Paribas and Deutsche Bank claimed that the B1/B/B+ rated sovereign had nevertheless won over investors to its five year euro offering. The two banks were mandated on Tuesday afternoon to run the books on a Eu500m transaction and by launch yesterday (Thursday) had managed to drum up enough orders to support a Eu600m issue.

Denmark The Eu50m loan for Roskilde Bank has raised a total of Eu72.5m and the borrower will take the full amount.

* Anglian Water plc Guarantor: Anglian Water Services Ltd

Since the beginning of the year banks have been battling for internet supremacy in the bond markets, with claim and counter-claim to landmark transactions flying. But despite the clear efficiency gains offered by web-based syndication, questions are emerging over whether the internet can add value to the traditional underwriting methods.

Arrangers Morgan Stanley Dean Witter and Warburg Dillon Read watched with disappointment as US energy group TXU Corp pulled back from its bid for Spain's Hidroeléctrica del Cantabrico, making the Eu3bn loan they had been preparing unnecessary. But a possible loan financing was being spoken about this week for the second bidder - Unión Fenosa.

Telecom Italia (TI) has mandated BNP Paribas and WestLB to structure a securitisation programme backed by charges on its Italian telephone customers, and to underwrite the first issue from the vehicle. The lead managers declined to comment, but TI, the dominant provider of fixed line telephony in Italy, is believed to intend raising around Eu4bn from a repeat issuance securitisation vehicle that will likely parcel a range of assets. Market participants said the core element of collateral will be phone bills from private customers, but corporate bills may also be included, and other revenues such as equipment sales may be added if that proves feasible.

* Merrill Lynch sold £92.66m of Baltimore Technologies stock this week for US corporation GTE. The shares were payment to GTE for the purchase of GTE CyberTrust from Contel Federal Systems - a wholly owned subsidiary of GTE. The deal coincided with the announcement of a planned stock split for Baltimore which only last week entered the FTSE 100 index.

The $4bn financing for PowerGen was attracting a positive response in syndication this week. By yesterday evening (Thursday), the arrangers had not yet received any commitments, but neither had any of the invited banks declined, suggesting that the facility is heading for a strong result. Following a number of recent deals that were criticised for bringing in too many banks at the upper levels of syndication, the borrower was keen to restrict this round to a tight group of relationship lenders. The facility is certain to go out to general syndication afterwards.

* Abbey National Treasury Services plc Guarantor: Abbey National plc