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* ABB International Finance NV Guarantor: keepwell agreement from ABB Asea Brown Boveri Ltd

JP Morgan and Ford Motor Credit made the most of an increasing European appetite for private sector global bonds by respectively launching $1bn and $2bn five year blow-out deals on Thursday. Ford came to the market with a $2bn 5.75% five year offering at 83.5bp over Treasuries via joint bookrunners Bear Stearns and Morgan Stanley Dean Witter, while JP Morgan made its global bond market debut with a $1bn five year issue at 93bp over and a coupon of 5.75%.

British Sky Broadcasting surprised the market and showed the pace at which a credit culture is developing in Europe this week when it launched a $600m global bond via Merrill Lynch. Until recently, the thought of a credit such as BSkyB - which is rated Baa2/BBB- with negative outlook from both Moody's and Standard & Poor's - accessing anything other than US investors through the Yankee bond market would not have been considered.

India Arranger ANZ Investment Bank signed a $165m 10 year facility for Dabhol Power Project Co on February 12 in London.

Argentina BankAmerica will close syndication of the $200m 364 day L/C facility for Banco Rio de la Plata SA today (Friday).

The Republic of Lebanon broke new ground for the single European currency this week when it became the first Middle Eastern sovereign to raise funds in euros. Until now Lebanon's sole non-dollar bond financing had been a DM250m 6.5% five year Euro-DM issue in May 1997 - but this week the B1/BB- rated issuer launched a Eu300m five year euro tranche alongside a more traditional $200m five year dollar tranche.

The Republic of Lebanon broke new ground for the single European currency this week when it became the first Middle Eastern sovereign to raise funds in euros. Until now Lebanon's sole non-dollar bond financing had been a DM250m 6.5% five year Euro-DM issue in May 1997 - but this week the B1/BB- rated issuer launched a Eu300m five year euro tranche alongside a more traditional $200m five year dollar tranche.

HSBC and Warburg Dillon Read took advantage of the momentum generated by the success of part one of the financing of the Channel Tunnel Rail Link by immediately launching the follow-up tranche this week, a £1bn bond due 2010. The hard work of explaining the credit story of LCR Finance PLC - the vehicle set up to raise money to build the rail link between the tunnel and London, whose bonds are guaranteed by the UK government - had already been completed in the long run-up to the launch of LCR's record £1.225bn of 2028 bonds and £425m of 2038 bonds last Wednesday.

Egypt Market soundings are still being taken as final documentation nears completion for the project debt tranches for the 2x325MW Sidi Krir independent power project by international lead arrangers ABN Amro, Dresdner Kleinwort Benson, Paribas and SG and international arranger EDC.

The British Sky Broadcasting Group, owned by News Corporation, issued its $600m 10 year global bond on Wednesday via Merrill Lynch. It was priced to yield 6.948%, or 198bp over the 10 year Treasury, a couple of 10bps inside the price-talk. All-in, the bonds yielded 7.03%, or approximately 207bp, over the 10 year. In mid-session on Wednesday in New York, swap dealers were alerted by London brokers that a German Landesbank - said to be Bayerische Landesbank (BLB) - had won the entire BSkyB swap position to floating and was looking to shift $600m.

Mexican state owned development bank Nafinsa will today (Friday) join the list of top Latin issuers making the most of a general calm in the emerging market storm to launch a $250m short dated offering. The deal, led by Bear Stearns and Barclays Capital, is expected to be three years in maturity at a yield of 9.75%, giving it a launch spread in the high 400bp region.