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  • * International August 6,Finance Corp Rating: Aaa/AAA
  • OUR TOP informant in sizzling hot Italy, the vivacious Marquesa de Bonamour, reports on the glittering wedding of Euromarket rockstar Simon Fry in Portofino. The Pope had to send his regrets but Nic Alicabiotis, who can perform financial miracles for Nomura and friends, signed autographs on his behalf.
  • THE SALE of stock in UK-based international satellite group, ICO Global Communications, was completed last Friday against a back-drop of an extremely nervous US market and a hi-tech sector in the throes of a rapid re-rating. Since the high point of May and June investors have begun to turn against growth companies, particularly hi-techs, becoming much more aggressive over the valuations they award stock prices.
  • * Inter-American Development Bank Rating: Aaa/AAA
  • China ABN Amro Bank NV has the mandate to arrange a financing for Shenzhen Airlines. The facility will comprise an export credit portion and a commercial loan tranche. Proceeds will finance the purchase of two Boeing B737 aircraft to be delivered in September and October.
  • Australia The A$265m loan for MTM Office Trust was signed on July 27 in Sydney.
  • Market commentary Compiled by Glenn Blackley, RBC DS Global Markets, London. Tel: +44 171-653 4557
  • US TELECOM carrier Bell Atlantic this week defied worldwide stockmarket falls to complete the $3.18bn sale of bonds exchangeable into Cable&Wireless Communications -- the largest of its type yet issued.
  • US TELECOM carrier Bell Atlantic this week defied worldwide stockmarket falls to complete the $3.18bn sale of bonds exchangeable into Cable & Wireless Communications -- the largest of its type yet issued. Despite signs of indigestion, bankers said the fact that such a security could be absorbed at all showed how far the convertible bond market had come this year.