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Germany's Land Schleswig-Holstein has announced the dealer group for its Eu3bn debt issuance programme, jointly arranged by Merrill Lynch and Deutsche Bank. Other dealers are ABN Amro, Bayerische Hypotheken- und Vereinsbank, CDC Marches, DG Bank, Dresdner Kleinwort Benson, Hamburgische Landesbank, Landesbank Schleswig-Holstein, Morgan Stanley Dean Witter, Paribas, Warburg Dillon Read and WestLB. The programme should be signed on January 20.

* Deutsche Australia Ltd Guarantor: Deutsche Bank AG

JEREMY Palmer, head of equities at ING Barings, has left the bank. Palmer joined it four years ago after a short career at US firms, JP Morgan and Salomon Brothers. He was initially made head of equity capital markets for the Asia-Pacific region and then went on to fulfil the larger role of chairman and chief executive of ING Barings for the region. He returned to London last year to assume responsibility for the group's equity business and his departure is believed to result from his displeasure at the way the bank was reorganising its businesses.

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Iceland ABN Amro has won the mandate to arrange a $30m facility for the City of Hafnarfjördur.

A VARIETY of new equity issues from large and small cap companies is poised to hit the German equity market. Despite the corrections suffered by most markets this week on the back of Brazil's economic crisis, bankers in the local market and in London say that the flow of deals should continue undaunted, especially if the continent's stockmarkets recover their losses. The German market greeted 1999 with sharply rising indices with the Dax trading at around 5,200 on December 31, up from a year low of 3,896. By yesterday (Thursday), the index had sagged to around 4,900.

* Landwirtschaftliche Rentenbank Rating: Aaa/AAA

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Sterling --------------------------------------------------------------------------------

UNCERTAINTY continues to surround the timing of the £2.65bn debt financing for the Channel Tunnel Rail Link, with bankers becoming increasingly frustrated by the lack of information on offer about the transaction. "It is ominously quiet," said one London syndicate manager. "We are getting absolutely no guidance whatsoever," said another.

* Nederlandse Waterschapsbank Rating: Aaa/AAA