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India Lead arranger and coordinator ANZ Investment Bank expects to wrap up the debt selldown of the $165m shipping facility for the Enron Mitsui OSK Lines LNG carrier by next week.

EUROWEEK understands that Deutsche Bank will launch syndication of the Eu7bn 364 day term loan for Mannesmann early next week. The facility was for Eu7.95bn but has been cut as a result of the successful Eu3bn bond issue that was launched two weeks ago. Eight banks, all German, have joined sole arranger Deutsche in the deal. They are Bayerische Landesbank, Commerzbank, DG Bank, Dresdner Kleinwort Benson, WestLB, Bankgesellschaft Berlin, Helaba and Landesbank Baden Wuerttemberg.

GOVERNMENT bond markets sold off on Tuesday following the release of stronger than expected NAPM figures in the US. Already spooked by the Fed's shift to a tightening stance, the market is holding its breath ahead of non-farm payroll data today (Friday). The employment data is to hold the key to sentiment for coming weeks. While strong data could push the long bond over 6%, it could also offer the market a new bottom and the potential for more stability. That could provide a springboard for new issuance.

CSFB AND MPS are marketing stock in Banca Monte dei Paschi di Siena (MPS) following the approval this week of the deal by Consob, the Italian stock exchange authority. The Italian bank - the world's oldest - is being floated in a deal that could raise as much as Eu2.1bn.

TWO OF central and eastern Europe's leading credits braved the volatility of the emerging markets by launching euro denominated transactions - with mixed results. The City of Prague made its debut in the single currency markets - only its second international bond issue - when it brought its long awaited Eu200m 10 year transaction via ABN Amro and Deutsche Bank.

THE Eu2bn one year credit for GEC Plc has been massively oversubscribed in syndication and will be increased to Eu2.5bn, Euroweek can reveal. Even after the increase, lenders still had to be scaled back. While few bankers doubted GEC's popularity in the loan market, the immense appetite for the company's paper has surprised nearly all those involved in the Euroloan market - it has raised Eu8.5bn in little over 12 months.

NATIONAL Bank of Greece is to raise between $250m and $500m through a convertible bond offering to be launched in the next two weeks. Merrill Lynch and Warburg Dillon Read will act as bookrunners on the offering. The deal has been mooted for some time and will be the first equity linked issue from Greece since the privatisation bonds in 1998. The notes are likely to be sovereign bonds backed by ordinary shares in National Bank of Greece, a structure that analysts this week hailed as the ideal way to attract investors interested in Greek bank stocks.

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* National Australia Bank Ltd Rating: Aa3/AA

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Greg Lomas has resigned from Warburg Dillon Read and will join CIBC. At CIBC he will focus on acquisition finance, including leveraged deals, on the distribution side. Lomas was a director in WDR's loan syndicate where he specialised in LBOs and reported to Jonathon Macdonald.