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India Industrial Finance Corporation of India's $100m seven year fundraising has closed. Arrangers Fuji Bank (Singapore), Mitsubishi Trust & Banking Corp, Sakura Finance Asia, State Bank of India (Tokyo), and Tokyo-Mitsubishi International (HK) pledged $13m apiece.

DRESDNER Kleinwort Benson and SBC Warburg Dillon Read this week launched the final stage of the $3bn privatisation sale of shares in German airline Lufthansa, kicking off a two week period of roadshows to institutional investors. The early order period to encourage participation by local retail investors ends this week. Initial reports of the response are encouraging -- although the level of retail interest has not matched that in the Spanish government's Endesa sale, where retail orders are already apparently sufficient to cover the entire deal.

* Cerabank (Luxembourg) SA Amount: Lfr2bn

Egypt The National Bank of Egypt is on the verge of making its debut in the syndicated loan market for a $150m facility that will reset the country's pricing benchmark as well as push maturities out to five years.

* ABN AMRO Hoare Govett is to arrange the $1bn Euro-MTN programme for Norway's state owned electricity producer Statkraft. The facility is expected to sign in November but as the issuer has already completed most of its funding for the year issuance under the programme is not expected to start until early 1998.

BEAR STEARNS brought a new triple-A credit to the Euro-French franc market on Tuesday with a Ffr1.5bn six year deal for Asset-Backed Capital Ltd, a Cayman Islands registered investment company which became operational in May 1996 and now has over $5bn of assets on its balance sheet. The company is a bond arbitrage vehicle, which funds itself by issuing debt and buys in-

HUNGARIAN national telecoms operator Matav will file a registration statement with the US SEC next week ahead of its global share offering via Credit Suisse First Boston and Merrill Lynch. The news follows months of speculation that the company plans to obtain a New York listing for its shares as part of its forthcoming international debut.

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NATWEST Markets is launching the jumbo standby revolving credit supporting its proposed $5bn plus ROSE II corporate loan securitisation programme. News of the bank's second loan securitisation, which follows last year's $5bn ROSE I securitisation has been anticipated by the market for some weeks.

* The Republic of Ukraine is set to launch a ¥30bn-¥35bn three year Samurai bond at the end of this month. Nomura Securities will lead manage the issue and is advising the country on obtaining a Japanese credit rating. Ukraine is expected to receive a strong double-B level rating or higher. The Samurai will be followed by a dollar Eurobond later in the fourth quarter. Deutsche Morgan Grenfell and JP Morgan will run the books on that transaction, and are advising Ukraine on securing ratings from IBCA, Moody's and S&P.

* World Bank Rating: Aaa/AAA