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Brazil Citibank (syndication agent) and Banco Santander Central Hispano (administration agent) are in the market with a $100m loan for Citibank Brasil. The loan is for general corporate purposes and commitments are due this week. Signing is scheduled for November 24. The borrower was last in the market in September 1995 with a $50m one year revolving credit, arranged by Citibank.

THE REPUBLIC of Lithuania is looking to raise a club facility of between $20m and $50m over two years. The arranger Raiffeisen Zentralbank Österreich is quietly approaching a few banks to join, rather than attempting a full syndication. The facility will pay a margin of 250bp. The borrower would like to raise longer term funding, but that is not possible due to the political instability arising from the controversial sale of a stake in oil company Mazheikiu Nafta to the US energy company Williams - the prime minister recently resigned in protest against the sell-off - and the year end approaching.

PETER LUTHY has left Barclays Capital, where he was head of investment banking, after a shuffle of responsibilities among senior management. Luthy's departure follows the appointment of Naguib Kheraj, formerly chief operating officer, as head of investment banking, as well as the decision by Barclays capital chairman Hans-Joerg Rudloff to take a more executive role.

PETER LUTHY has left Barclays Capital, where he was head of investment banking, after a shuffle of responsibilities among senior management. Luthy's departure follows the appointment of Naguib Kheraj, formerly chief operating officer, as head of investment banking, as well as the decision by Barclays capital chairman Hans-Joerg Rudloff to take a more executive role.

THE FIVE underwriting arrangers leading the controversial £8bn super jumbo credit for Mannesmann intend to close syndication today (Friday). The arrangers - Deutsche (underwriting £2.5bn), Merrill Lynch (£1.5bn), Morgan Stanley Dean Witter (£1.5bn), Bayerische Landesbank (£1.25bn) and WestLB (£1.25bn) - have received strong support from lenders, despite many senior market participants still complaining about Mannesmann's syndication strategy and the transaction's terms.

THE FIVE underwriting arrangers leading the controversial £8bn super jumbo credit for Mannesmann intend to close syndication today (Friday). The arrangers - Deutsche (underwriting £2.5bn), Merrill Lynch (£1.5bn), Morgan Stanley Dean Witter (£1.5bn), Bayerische Landesbank (£1.25bn) and WestLB (£1.25bn) - have received strong support from lenders, despite many senior market participants still complaining about Mannesmann's syndication strategy and the transaction's terms.

ABN Amro Bank, Citibank and Deutsche Bank have joined lead arranger HSBC as co-arrangers to launch the $1.25bn, ¥11.6bn, four year financing for the Government of Malaysia. The deal was oversubscribed at the underwriting stage and banks had to scale back their commitments.

Nigeria Arranger Credit Suisse First Boston has launched the $160m Nigerian Liquefied Natural Gas (NLNG) shipping project financing to a group of banks for sub-underwriting roles. A bank presentation will be held in London next week.

DRESDNER BANK Luxembourg and HypoVereinsbank have launched syndication of the DM1.55bn debt package backing BC Partners' public to private buy-out of Friedrich Grohe GmbH, Europe's top producer of bathroom fittings. The move follows the successful conclusion of Grohe's preference share repurchase exercise where its management took on the maximum volume of 211,000 shares and a controlling interest in Grohe.

Hong Kong Co-ordinating arranger Barclays Capital launched the HK$2bn, five year fundraising for Hongkong Electric Co yesterday (Thursday). Commerzbank (East Asia), Hang Seng Finance, Industrial & Commercial Bank of China (Hong Kong) and KBC Bank NV joined as lead arrangers.

Philippines n Republic of the Philippines