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Asset backed securities: * DOMOS 4

* Bank Austria Rating: Aa2/AAA

THE GERMAN primary market continues to provide investors with opportunities to invest in growth stocks and small cap deals from other sectors. The Neuer Markt and the main market in Frankfurt have provided a welcoming environment for the deals on offer with international and local investors still willing to pay top prices for the assets available.

India The $100m seven year syndicated credit for Power Finance Corporation (PFC) will be signed next week at a ceremony in Singapore. ANZ Investment Bank arranged the deal. Pakistan Drawdown of the first $80m tranche of a $600m loan for the Pak-Arab refinery has taken place. The debt was arranged by Jexim and Marubeni Corporation to finance the development of a 100,000 barrel a day refinery with a total cost of $886m.

RETAIL INVESTORS provided the backbone of demand for the Italian and Portuguese jumbo privatisations launched this week. Around $9bn was raised through the sales of Italy's oil and gas group Eni and Portuguese power utility, Electricidade de Portugal (EdP).

* Abbey National Treasury Services Guarantor: Abbey National

RETAIL INVESTORS provided the backbone of demand for the Italian and Portuguese jumbo privatisations launched this week.

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KOÇ HOLDING, Turkey's largest and most diversified company, has published a preliminary prospectus for its global equity offering scheduled to take place in the next few weeks. The deal, which is being led by Goldman Sachs, will involve the sale of 1.388m shares comprising the sale of primary shares via a capital increase and secondary shares to be sold by the Koç family.

Argentina Arrangers BancBoston Securities Inc, BancAmerica Robertson Stephens, Dresdner Bank Luxembourg SA, Banco Bilbao Vizcaya and Banco Rio de la Plata SA have completed syndication of the $150m two tranche facility for Transener SA. The facility is split between a $100m five year term loan for trade-related purposes and a $100m four year term loan for working capital purposes.

LEHMAN Brothers has launched a new bond index, the Euro-aggregate index, in a bid to position itself as a major indices provider in Europe ahead of the arrival of the single currency. The index will only include bonds denominated either in Ecu or those currencies entering European monetary Union and will be a rule-based measure automatically including all issues which fit the inclusion criteria. These criteria state that bonds must be investment grade, fixed rate and with a maturity of at least one year. Treasury securities must have a minimum size of Ecu500m and all others a minimum size of Ecu100m. Over 6800 bonds are in the index which has a market cap of Eu3.6tr, and portfolio managers will be able to follow the aggregate index or a sub index derived from the aggregate index which can be customised for their fund.