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STANDARD BANK of South Africa has increased its latest facility to $225m from $175m as a result of strong support at the arranging level. Some 14 banks have been mandated as arrangers. They are Bayerische Landesbank, Bank of Tokyo-Mitsubishi, Citibank, Commerzbank (bookrunner), Crédit Agricole Indosuez, Dai-Ichi Kangyo Bank (bookrunner), Deutsche Bank (documentation agent), Dresdner Bank Luxembourg (bookrunner), DSL Bank, First Union National Bank, Gulf International Bank, Standard Chartered, Sanwa (informational, publicity and signing agent) and Sumitomo (agent).

n Bank Nederlandse Gemeenten

Corporate issuers appear ready to ignore oversupply concerns in the euro sector and are prepared to pay the significant new issue premiums necessary to ensure successful distribution in order to get their deals into the market ahead of the summer lull. Although the corporate sector has lost much of its shine in recent weeks, with many deals repriced or poorly received, the pipeline of new issues remains full to overflowing.

n ABB International Finance NV Guarantor: keepwell agreement by ABB Asea Brown Boveri

The Irish government's Eu4.4bn sale of stock in Telecom Eireann has been a roaring success, attracting an overwhelming response from the Irish public and from domestic and foreign institutional investors. The transaction has been widely viewed as one of the best European privatisation sales this year and its success has been greeted with delight by the

The Irish government's Eu4.4bn sale of stock in Telecom Eireann has been a roaring success, attracting an overwhelming response from the Irish public and from domestic and foreign institutional investors. The transaction has been widely viewed as one of the best European privatisation sales this year and its success has been greeted with delight by the

BANQUE Nationale de Paris, Barclays, Royal Bank of Canada and WestLB have received a positive response from potential co-arrangers for the £400m multi-currency revolving credit for TI Group plc, the Oxfordshire-based engineering business. The borrower has become one of the more popular credits in the loan market over the past five years, making regular visits to the market, paying accurate margins and fees and responsibly maintaining its banking relationships.

Kazakhstan and Tunisia will complete roadshows in Europe today (Friday) ahead of euro denominated transactions next week which will provide further evidence of the increasing geographic diversity of issuers choosing to tap the single currency bond market. The Central Bank of Tunisia's planned Eu250m seven to 10 year transaction via Merrill Lynch and Morgan Stanley Dean Witter will be the country's first in euros as well as the first standalone issue in the currency from North Africa.

Two triple-A rated European issuers took advantage of improving conditions in the Australian dollar market this week to bring A$1bn of new supply to the Kangaroo sector. Deutsche Siedlungs-und Landesrentenbank (DSL) took the market by surprise when it came first, on Monday, with a A$500m issue. DSL was followed on Wednesday by Kreditanstalt für Wiederaufbau (KfW), which launched an inaugural A$500m transaction.

TORONTO-DOMINION, Paribas, CIBC, Chase Manhattan, Bank of America, Royal Bank of Scotland, MeesPierson and Citibank are arranging a Eu1bn credit for Union & Philips Communicaitons (UPC), the Dutch cable company. Bankers say that mandated arranger Toronto-Dominion was told by some of the other arrangers that the fees originally on offer were not high enough.

ABN AMRO and JP Morgan have been mandated to arrange a Eu2.6bn acquisition facility for Royal Numico, the Netherlands-based producer of baby food and nutritional products. The jumbo credit will back Royal Numico's proposed acquisition of US-based GNC, the manufacturer and retailer of vitamins and food extracts.

The Republic of Argentina has decided to withdraw from the international dollar markets for the rest of the year and opted instead to stay at home to raise the $2bn to $2.5bn it requires to complete its financing needs for 1999. Finance undersecretary Miguel Kiguel announced this week that he had dropped plans for a $1.25bn global bond in July and will instead raise that money and more through three different types of bond and loan adjustable note issues at monthly and bi-monthly auctions.