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India Lead arranger and coordinator ANZ Investment Bank has launched general syndication of the $165m 10 year limited recourse shipping facility for the Enron Mitsui OSK Lines LNG carrier. The launch follows a series of well attended roadshows held in London, Paris, Singapore and Mumbai.

IRELAND'S ministry of public enterprise this week launched the first phase of a marketing campaign to attract retail investors for the I£1bn privatisation of Telecom Eireann. Led by Merrill Lynch and AIB Capital Markets, the share offering will take place by early July. Registration forms have been sent to some 2.8m potential retail investors, offering incentives for early applications. After one month of local campaigning, the company will release its full year financial results. This will be followed by a four week pre-marketing and institutional bookbuilding exercise.

GENERAL syndication of the Eu1.5bn revolving credit for Alstom has closed after a massive oversubscription was achieved by arrangers Chase (bookrunner), HSBC (documentation agent) and Banque Nationale de Paris (facility agent). The facility proved so successful that even though the arrangers and borrower agreed to increase the loan to Eu1.875bn, participants were still scaled back.

China Banks are requesting head office approval to roll over their commitments for the $100m L/C facility for Chinatex Capitals Inc arranged by BA Asia. Bankers are monitoring the success of this financing as there are two other similar deals coming to the market shortly.

Australia Arrangers Citibank NA (Australia), Deutsche Bank Australia, National Australia Bank, Toronto-Dominion Australia, Warburg Dillon Read, WestLB and Westpac Banking Corporation have formed a sub-underwriting group for the A$1.26bn term loan for Energy Partnership.

* Rabo Australia Ltd Guarantor: Rabobank Netherlands

CREDITANSTALT Investment Bank is to lead manage a capital increase for Austrian Airlines (AUA), which is keen to raise money to slim down its debts and fund future expansion. The group has been expected to come to the international equity capital markets for some while and investors are said to be keen to get the chance to buy into a continental airline at a low point in its industrial cycle.

BRAZIL made a spectacular return from international capital markets exile yesterday with the launch of a blow-out $2bn five year global bond -- the cash portion of a Brady bond exchange offer which could grow as large as $3bn when the tender expires today (Friday).

* Deutsche Bank Finance NV Guarantor: Deutsche Bank AG

BRAZIL made a spectacular return from international capital markets exile yesterday with the launch of a blow-out $2bn five year global bond -- the cash portion of a Brady bond exchange offer which could grow as large as $3bn when the tender expires today (Friday).

CORPORACION Andina de Fomento pounced on growing European institutional investor interest in Latin credits this week with an Eu300m five year debut. The blow-out deal, led by Merrill Lynch and Deutsche Bank, was increased from Eu200m. It was more than two times oversubscribed and priced at 175bp over the 2004 BTAN.