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DRESDNER Kleinwort Benson signalled its intention to improve it position in the international capital markets this week when it appointed TJ Lim as co-head of global markets. Based in London, Lim will share overall responsibility for global markets with Erich Pohl and Heinrich Linz, who will continue to be based in Frankfurt. He will focus on the development of Dresdner's international business. Lim will report to Leonard Fischer, member of the board of managing directors of Dresdner Bank, as well as to Gerd Haeusler, also member of the board of managing directors of Dresdner Bank AG and chairman of the investment banking board of Dresdner Kleinwort Benson.

CSFB and IMI will complete the fourth sale of shares in the Italian oil and gas group Eni this weekend, and the lead managers have attracted generous praise for what bankers expect to be a successful conclusion to the offering. Given the unpredictable state of the Europe's stockmarkets, which have seen continental bourses move up and down by an average of about 1% each day for the last three weeks, the most difficult type of deal to execute is a large secondary placement of an already traded, highly liquid stock.

CHASE Securities and Bear Stearns this week launched the first ever junk-rated global bond for US auto parts and equipment manufacturer Federal Mogul Corp. The $1bn three tranche offering was said by the lead managers to be a trailblazer for other US high yield issuers to access the European as well as their domestic investor base.

* Unibank A/S Rating: A1

FORTIS has appointed eight banks to arrange a Bfr135m ($4bn) revolving credit to part finance the acquisition of Generale Bank. The banks are JP Morgan, Banque Nationale de Paris, ASLK-CGER (facility agent), Bank Brussels Lambert, Crédit Communal de Belgique, Deutsche Bank, Kredietbank and Rabobank. All eight have equally underwritten the deal.

SBC WARBURG Dillon Read scored another coup in the Greek equity markets this week with the successful completion of the sale of stock in Hellenic Petroleum. Having also run the books on the sale of National Bank of Greece, this Hellenic Petroleum sale continues the firm's run of success in the Greek market, which is attracting a renewed burst of interest from foreign investors as the local currency looks like a promising candidate to join Emu in 2001.

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RENEWED optimism on Wall Street pushed stocks higher this week, helping improve conditions for new issues. Several successful deals were completed, showing that investors remain hungry for the right story at the right price. Lehman Brothers concluded the secondary offer of stock for Loral Space & Communications mid-week, just as the market began to pick up. The company originally filed to offer 16m shares globally, but increased the size of the deal to 20m shares during the marketing period on the back of strong demand.

India BA Asia, Toronto-Dominion and Industrial Development Bank of India have closed a $123.5m seven year dual tranche telecoms financing for Tata Communications Ltd. Tranche 'A' is a $70m facility priced at 187.5bp over Libor with a three year availability period.

Mauritius The syndicate has emerged for the Ecu46m project financing for Compagnie Thermique de Belle Vue's 70MW sugar cane fired power plant. Sumitomo arranged the international debt with Natexis as a co-arranger and agent on the Coface tranche. Other banks joining, all as lead managers, are Barclays Capital, CIC, Banque Nationale de Paris, CDC, SG, Bank of Scotland and HSBC.

WITH uncertainty and volatility the words on everyone's lips, the mood in the Euromarkets remains subdued. And along with the spread widening of recent weeks and World Cup-inspired absenteeism, syndicate officials are now citing the coming summer break as an excuse to get away early.

Australia The $175m five year transferable loan certificate for Colonial State Bank arranged by BT Australia (HK) Financial Services closed oversubscribed and was increased from $100m. Lead managers include WestLB Asia Pacific taking $25m, Bayerische Landesbank (Hong Kong), Erste Bank and Westpac Banking Corp (Hong Kong) each holding $20m, Banca Monte dei Paschi di Siena (Singapore) absorbing $15m, Banca Commerciale Italiana (Singapore), Bank Austria (Singapore), Banque Bruxelles Lambert (Singapore), BT Australia (HK), BW Bank Ireland plc and Commerzbank AG (Singapore) contributing $10m apiece.