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OUR STORY that Barclays Capital had stolen a march and legged over the opposition by hosting the best and most imaginative party at the Euromoney Global Borrowers and Investors Forum has caused a public outcry. Competitors are blubbing. Questions have been raised in the house. There are even suggestions that Viscount Bridport, a managing partner of Bridport & Cie in Geneva, might make a rare appearance and dazzle the House of Lords with a motion on behalf of the losers that, "we wuz robbed and where's our compensation?" Quite frankly, we can't see what the fuss is all about. If the likes of Merrill Lynch, Morgan Stanley and Deutsche (Morgan Grenfell RIP) can't get their party skittles into line are we supposed to play nursery nanny and come running with a diaper in one hand and a suppository in the other?

* Baden-Württemberg L-Finance NV Guarantor: L-Bank

India Sumitomo Bank has been mandated as financial adviser for the 100MW Atria Power project in the state of Karnataka. Sumitomo will advise the sponsor, Atria Group, on raising around $20m in equity and $70m in debt.

THE MARKET for convertible bonds showed signs of weakness as UK and continental stockmarkets lost between 1% and 3% in late sessions this week. Despite the reassurance from Federal Reserve chairman, Alan Greenspan, that US interest rates would remain unchanged, the markets showed some signs of investor unease and this took its toll on some of the more tightly priced convertibles issued this week.

THE ISRAELI government this week pushed its privatisation programme on to a new stage by announcing the sale of stock in El Al Israel Airlines, the national carrier, and confirming its intention to divest a stake in national chemicals group Israel Chemicals as well as approving the sale of stock in Israel Discount Bank. The country's privatisation ambitions have been thwarted by an uncertain government policy toward the state sales. Only two weeks ago, Merrill Lynch sold 2.5% of the national telecom group, Bezeq, to the diversified UK telecom operator, Cable & Wireless, which already held 10% of the group.

* Seashell Securities

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Argentina ABN Amro Bank NV and Deutsche Bank AG have launched syndication of a five year term loan for steel company, Siderar SAIC. Pricing on the loan ranges from 90bp to 190bp over Libor. The facility will be repaid in four semi-annuals after three and a half years' grace. Siderar SAIC -- $100m

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A CONSORTIUM led by Merrill Lynch has been nominated to act as global co-ordinator of the privatisation sale of stock in Turk Telecom. The privatisation administration announced this week the group, which also comprises ABN Amro Rothschild and Is Yatirim, that will handle the share offering which could raise up to $2bn and is scheduled to take place during the third or fourth quarter this year.

* Cregem Finance NV Guarantor: Crédit Communal de Belgique SA