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KPN has rallied a strong group of 35 banks to support its acquisition of German phone operator E-Plus, via a Eu13bn revolving credit. The arranging banks are ABN Amro, JP Morgan, Citibank, Dresdner, ING and Warburg Dillon Read. ABN Amro and JP Morgan are joint bookrunners, taking Eu490m each. The other arrangers are taking Eu380m, and the co-arranging banks in the group are taking Eu300m each.

KPN has rallied a strong group of 35 banks to support its acquisition of German phone operator E-Plus, via a Eu13bn revolving credit. The arranging banks are ABN Amro, JP Morgan, Citibank, Dresdner, ING and Warburg Dillon Read. ABN Amro and JP Morgan are joint bookrunners, taking Eu490m each. The other arrangers are taking Eu380m, and the co-arranging banks in the group are taking Eu300m each.

Mexico Citibank has won the mandate to arrange a $125m amortising term loan for Copamex SA de CV.

Turkey Türkiye Garanti Bankasi has asked banks to submit proposals for the refinancing of its Eu180m one year term loan, which was launched in the first quarter of 1999.

* David Holmes has joined Bear Stearns in London as a managing director in debt capital markets. Holmes joins a team focused on coverage of European corporate clients in industries including - but not limited to - telecommunications, media, pharmaceuticals, chemicals, oil and gas, real estate, gaming and lodging. Holmes joins from CSFB London where he worked in a similar capacity. At Bear Stearns, he will report to Brett Graham, head of debt capital markets in Europe. * Dresdner Kleinwort Benson has appointed Mike Adams as global head of local markets trading with immediate effect. He will report to Achilles Macris, general manager and will be based in

* Commerzbank AG Rating: Aa3/AA-/AA- (Moody's/S&P/Fitch IBCA)

* Deutsche Australia Ltd Guarantor: Deutsche Bank AG

Do we hear the sound of earlier than expected wedding bells confirming that Dresdner and HypoVereinsbank can't wait to share a hot-water bottle in the honeymoon suite? As we were going to press there were unconfirmed reports that the chambermaids had been asked to turn down the black silk sheets and to fill the heart shaped plunge bath full of asses' milk and olive oil.