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THE province of Alberta has mandated Deutsche Bank and Merrill Lynch to launch a dollar issue in the international markets as soon as market conditions permit. The leads hope to bring the deal within the next three weeks. It has not been decided whether the deal will be launched as a Euro or a global but the size should be between $500m and $750m. The maturity will be five, seven or 10 years.

ARGENTINA plans to defy dismal market conditions and issue $2bn of 30 year Bontes in its fledgling domestic Treasury bond market between now and the end of second quarter of 1999. The ministry of finance announced late yesterday that it had garnered enough interest from local pension funds to issue its longest dated bond ever, in a series of tranches. "Large investors have confidence in the country and want to invest for the long term," said undersecretary of finance, Miguel Kiguel. "We decided after several meetings with institutional investors that the most attractive instrument would be a 30-year bond."

China The $134m aircraft financing for Air China arranged by HSBC Investment Bank Asia and Industrial & Commercial Bank of China (Hong Kong) is split between a $68.4m US Eximbank guaranteed portion and a $65.6m commercial loan guaranteed by Industrial & Commercial Bank of China.

Australia Commonwealth Bank of Australia launched the A$800m loan for Star City Holdings on September 23.

* National Australia Bank Ltd Rating: Aa3/AA