Search results for

8414

* Deutsche Bank, Dresdner Kleinwort Benson and Morgan Stanley Dean Witter have launched the $1bn sale of stock in SES Astra, the Luxembourg company which owns satellites for television broadcast across Europe. The flotation will involve the sale of secondary stock by a group of investors including Deutsche Telekom, some Luxembourg government owned banks, Dresdner Bank and Deutsche Bank.

* Deutsche Bank -- DB Ireland plc Guarantor: Deutsche Bank AG

Italian borrowing in the international capital markets is growing rapidly in the run-up to European monetary union. A wider range of corporates is starting to use the bond markets, diversifying away from bank financing and providing new investment opportunities for the increasingly institutional investor base in the domestic market. New Italian bank issuers are starting to emerge in the MTN and bond market, while local authorities are becoming increasingly frequent and adventurous borrowers in international markets.

De Nationale Investeringsbank is expanding its London project finance unit with the hiring of Chris Sutcliffe and Mike Bryan as managers. Sutcliffe joins from Industrial Bank of Japan and Bryan joins from Dresdner Kleinwort Benson. Both will report to Darren Kyte, head of the London team. Among DNIB's UK mandates are the Hereford and Wellhouse hospital projects.

* Abbey National Treasury Services plc Guarantor: Abbey National plc

GLOBAL co-ordinators Goldman Sachs, ABN Amro Rothschild and BPI on Wednesday launched the sale of stock in EdP, the Portuguese national electricity utility, a deal that would raise Esc518.4bn ($2.85bn) at this week's market price of Esc4,800. The government is divesting around 18% of the company's equity capital through the sale of 108m shares according to the preliminary prospectus released this week.

* Banco Santander de Negocios Portugal SA Amount: Esc5bn