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Swiss francs * JCR Pharmaceuticals Co Ltd

THE RANKS of US life insurance companies in the euro denominated market will grow further next week when John Hancock launches its debut issue in the new currency. ABN Amro and Lehman Brothers will lead manage the transaction, which will follow presentations this week to investors in Amsterdam, Milan, Frankfurt and London. The offering will have a maturity of seven years or more and is likely to be for around Eu300m-Eu500m.

Egypt The launch of syndication for the $500m Sidi Krir independent power project (IPP) should take place by the end of next week. Arrangers are ABN Amro, Dresdner Kleinwort Benson, Paribas and SG.

SIEBE has mandated Morgan Stanley Dean Witter and Warburg Dillon Read to arrange a £750m one year and one year extension revolving credit that will part finance its agreed takeover of BTR. The loan carries a margin of 30bp over Libor with a 12.5bp up front fee.

WARBURG Dillon Read is to launch the sale of stock in Neoplast, the world's second largest supplier of mail-room equipment. The deal has been eagerly awaited by investors as one of the few large, liquid corporate deals to emerge from the Paris market for some time. "This market has largely been dominated by privatisation issues," says one Paris banker. "And Neoplast will give investors a rare opportunity to buy a well established privately owned company."

* Kazakhstan Electricity Grid Operating Co (Kegoc) is reviving plans for an international bond debut. The state owned utility had hoped to enter the Euromarkets with a $200m five to seven year standalone transaction last year, mandated to ABN Amro and Merrill Lynch. But since the deterioration in Kazakhstan's economic outlook in the wake of Russia's August financial meltdown, Kegoc is now believed to be considering tapping the markets with a credit enhanced issue.

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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