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* Deutsche Morgan Grenfell has been mandated to lead manage a debut Eurobond for the Czech Republic's SPT Telecom. It should emerge for DM500m over a five year tenor and be launched at the end of March or the beginning of April. Thanks to its A rating from Standard & Poor's, the SPT Telecom issue will represent a rare opportunity for fixed income investors to book an investment grade asset from a corporate operating in the fast growing industry in central and eastern Europe.

* SBC Warburg Dillon Read is the frontrunner to be global co-ordinator for the forthcoming sale of stock in Den norske Bank. The Norwegian bank was partially privatised in 1996 through a Warburg led deal that was one of the most successful international equity offerings out of Scandinavia that year. The next offering should take place later this year and a wide range of regional and international firms are bidding for the mandate. The transaction will comprise a local offering to Nordic investors as well as an international tranche.

* Bayerische Hypotheken- und Wechsel-Bank Rating: Aa2/A+

United States ANZ Investment Bank has closed a $50m three year revolving credit facility for Cogentrix Energy. Co-agents joining the facility are CIBC Oppenheimer, Dresdner Bank AG and Royal Bank of Scotland. The loan will be used for general corporate purposes including equity investments in power projects. Cogentrix is based in Charlotte, North Carolina and is a independent power producer involved in developing, owning and operating electric power facilities.

LEADING UK communications company NTL set a new benchmark in the high yield market last week with the launch of the largest high yield financing ever issued in a European currency. The sterling tranche of NTL's 10 year Euro/144A offering raised £300m through a £125m cash paying bond launched at 350bp over Gilts and a £175m deferred coupon bond launched at 475bp over.

AFTER numerous false starts, Greece will this year make yet another attempt to revive its flagging privatisation programme. Although a large number of assets remain in state hands, including companies in telecoms, finance, oil and leisure, many of them are poor performers.

Julie Gavin has joined Credit Suisse First Boston's loan syndication department as a director. She will report to Grant Johnson, managing director of loan syndication. Gavin joins from CSFB's media and telecommunications group where she was head and director.

THE REPUBLIC of Argentina made an opportunistic return to the US dollar market yesterday (Thursday), reopening its 2017 global bond with a $750m addition via JP Morgan. The new tranche, which takes the issue size up to $2.75bn, was priced at a small premium to the outstanding issue -- at a spread of 387bp over Treasuries.

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Australia Commonwealth Bank of Australia with co-arrangers Bankers Trust Australia, Deutsche Morgan Grenfell and SBC Warburg Australia have arranged a A$350m transferable FRCD for Commonwealth Bank of Australia. The amount was oversubscribed and increased from A$250m. The three year deal pays a coupon of 5.5%, equivalent to 30bp over January 2001 Commonwealths.

China Deutsche Bank (Guangzhou) is quietly arranging a $38.3m four year club deal for San Xia International Leasing Co Ltd. Proceeds are to finance a lease contract to purchase equipment from Motorola to be leased to Hubei Post & Telecommunications Administration. A group of arrangers including Deutsche Bank recently completed a $16.2m lease purchase for the borrower to be lent on to the Inner Mongolia Post & Telecommunications Administration.