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* Banque Internationale à Luxembourg SA Rating: Aa3/AA-

THE HUNGARIAN government this week launched the privatisation sale of stock in its national telecoms operator, Matáv. The deal is lead managed by Credit Suisse First Boston, Merrill Lynch and Creditanstalt. Matáv will become the first central European company to be listed on the NYSE and will be the fourth European telecom operator to be offered to international investors in the last month after Portugal Telecom, France Telecom and Telecom Italia. Salesmen in London point to several benefits which Matáv offers to telecom investors, such as its high levels of potential growth and a market which has put in an incredible 120% performance in the past 12 months.

MAID PLC, the online business information company, is set to formally enter the market for a new $117.5m Chase Manhattan plc arranged loan at a bankers presentation in London on Wednesday. The facility, which is split between a $92.5m term loan and a $25m revolving credit, is to help finance the company's $420m acquisition of Knight Ridder Information Inc in the US.

MEXICO reaffirmed its role as the pioneer among emerging market issuers this week with its debut C$500m six year global bond -- the first such issue by any emerging market borrower. The offering, joint lead managed by Merrill Lynch and Scotia McLeod, was launched with a coupon of 7% and a fixed price re-offer of 99.404, giving it a spread of 175bp over the June 2003 Canadian government bond.

LATIN AMERICAN bond spreads widened between 30bp to 50bp yesterday as the emerging markets were hit by the Asian currency turmoil. Although there was a hefty amount of issuance in a variety of currencies from Latin American issuers this week, all new offerings were trading well below their highs on Thursday as hedge funds, dealers and small players began to lighten their positions in the market,

Kuwait Expect news soon of a major new financing for Kuwait Airways. Bidding is well underway.

* ABN AMRO Hoare Govett has been awarded the mandate to arrange a $2bn Euro-MTN programme for French railway operator Société Nationale des Chemins de fer Français (SNCF). The dealer group has also been selected and includes ABN AMRO Hoare Govett, Paribas, Deutsche Morgan Grenfell, JP Morgan, Morgan Stanley, Nomura and UBS. The programme will include an option for reverse enquiry.

* Poland's leading private sector fixed line telecommunications company Netia is expected to a launch a dual offering of dollar and Deutschmark denominated debt today (Friday) via lead manger Merrill Lynch. Its maiden international bond is thought likely to comprise a $200m coupon bearing tranche, a $125m zero coupon element and a DM135m zero coupon portion. All three tranches will have 10 year non-call five tenors.

* New South Wales Treasury Corp Guarantor: New South Wales

NIGEL PAVEY, former publisher of Euroweek and the newspaper's long-serving syndicated loans reporter, is leaving to join Barclays Capital as a director in its syndicated loans and distribution team. In a new position for the bank, he will establish a dedicated strategic loan research and marketing function and will work closely with Sean Boylan, the director with day-to-day responsibility for transaction management, agency, research and marketing.

NEW York City will launch bonds in three different sectors of the capital markets next week, raising a total of $1.2bn of general obligation debt. Goldman Sachs' London office will launch a $200m floating rate deal on Monday, with a five year maturity and 2.5 year average life.

Chase Securities Inc, Citicorp Securities Inc, NationsBanc Montgomery Securities Inc and JP Morgan Securities Inc has completed a $5.5bn facility for Tricon Global Restaurants Inc. The five year loan is split into a $2bn term and a $3.5bn multi-currency revolver. Pricing is based on the company's leverage ratio. The Libor margin range for the revolver is 25bp to 62.5bp, the Libor margin range for the term loan is 37.5bp to 87.5bp and the facility fee range is 12.5bp to 25bp.