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Germany JP Morgan brought banks at the end of last week into the DM125m debt facilities supporting the MBO of Kalle Nalo, the Germany sausage casing company. The facilities consisted of a DM85m seven year loan priced at 175bp over Libor, a DM20m eight year loan priced at 200bp and a DM20m working capital revolving credit priced at 175bp.

* Goldman Sachs Group Rating: A1/A+

ING Barings, SBC Warburg Dillon Read and UBS this week completed the offering of stock in Hagemeyer, the Dutch trading company, raising $1.6bn in the largest corporate sale of stock in the Dutch market to date. The shares were sold by First Pacific and were priced at Dfl 89 after just nine days of bookbuilding. According to syndicate members, the deal was not the easiest sell during the marketing period and they had to work hard to explain the Hagemeyer name to international investors.

INVESTMENT bankers are expecting a growing supply of new issues from Turkish banks over the coming months, as well as some issues from top Turkish companies -- many of which have been waiting until the privatisation programme gets underway. The latest bank to join in the rush is Akbank, which this week said it will sell secondary shares to international investors via Morgan Stanley Dean Witter. Akbank is the largest private sector bank in Turkey ranked by shareholders' equity and the third largest in terms of assets. Morgan Stanley launched the deal this week and the transaction will be executed at the end of the month.

China New Century International Leasing Co Ltd's $31.5m four year fundraising has closed oversubscribed to $56m but allocations were scaled back. Lenders are Banca Commerciale Italiana, Bank of Communications, Bayerische Hypotheken und Wechsel Bank AG, Crédit Lyonnais, Development Bank of Singapore, Dresdner Bank AG and Kredietbank NV committing $4.5m each. Signing will take place on March 27 in Shanghai.

Australia Commonwealth Bank of Australia will launch an A$800m amortising loan for Star City next Tuesday. The facility is split between an A$100m working capital bilateral portion and an A$700m syndicated refinancing. The six year deal will refinance an existing construction facility which was for the development of the Sydney Harbour casino.

* KfW International Finance Inc Guarantor: Kreditanstalt für Wiederaufbau

INVESTMENT bankers and managers at the oil majors are eagerly awaiting an announcement from the Russian government about how it will structure the forthcoming privatisation of Rosneft, the last major oil company in state hands. Bankers in London are expecting between 50% and 75% of Rosneft to be sold, although the shares may be be offered in several tranches over a number of years and strategic investors are likely to be involved in the deal.