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BARCLAYS has signed the Dfl 1.7bn debt facilities backing CVC and Cinven's acquisition of Kappa Packaging from KNP BT NV. Funding will take place today (Friday). General syndication attracted 14 banks -- a better result than many bankers had expected.

* Abbey National Treasury Services Guarantor: Abbey National plc

AFTER A long time in the market, syndication of the Sultanate of Oman's $300m (with an option to increase to a maximum of $400m) five year facility was closed by coordinator Gulf International Bank on December 16. The final amount raised was $350m -- scotching rumours that GIB had struggled to locate support for the Sultanate.

* Bank Nederlandse Gemeenten NV Rating: Aaa/AAA

* Axel Thill is transferring from the Dresdner Kleinwort Benson's syndicate desk in London to take a senior role in the firm's debt capital markets division in Tokyo, which will include setting up a Japan-based syndicate function for the bank. * WestLB has appointed Tim Richards as global head of debt syndicate (excluding emerging markets). Richards joins from Daiwa Europe in London, and will report to Erwin Sell, global head of new issues and syndicated loans.

FOLLOWING the hugely successful sale of stock in France Télécom, the Trésor is preparing the next phase of its privatisation programme. Next year the government plans to sell shares in Air France, Crédit Lyonnais and Crédit Foncier, the French mortgage bank. The markets had expected the sales of FT2 and either one of Crédit Lyonnais or Air France in 1998 but the government's divestment in the national carrier and the troubled bank had to be shelved due to difficult market conditions and problems with the labour unions at Air France.

THE B1/B rated Republic of Turkey this week completed its final fundraising of 1998, a DM200m tap of its DM800m 9.5% November 30, 2001 Euro-Deutschmark offering. Conducted as a block trade by sole lead Deutsche Bank, the increase was launched at an issue price of 101.80 -- flat to the offer side of the outstanding DM800m transaction.

ACTIVITY in the UK primary equity market is likely to gather pace next year as a wide variety of corporate groups prepare to list shares. The London Stock Exchange has suffered with many other European bourses from a comparative dearth of new issue volumes in the last quarter as the volatility in global stockmarkets eroded issuer and investor confidence, but postponed deals could be quickly revived in 1999.

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Deutsche Bank London is arranging the debt financing that will back PPM Ventures' purchase of a controlling stake in Orefi, the privately owned French Industrial parts distributor. The debt totals Ffr480m. Deutsche plans to syndicate it in the new year.

* European Investment Bank Rating: Aaa/AAA