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ARRANGER ING is to hold a bankers presentation for potential co-arrangers in the Ckr3.5bn ($105.9m) revolving credit for the City of Prague today (Friday). The City of Prague deal is seen by many in the market as one of the few high quality deals to come out of eastern Europe so far this year. Indeed, the city is the top rated municipal credit in the region with an A- rating by Standard & Poor's.

SPANISH corporates are lining up to float on the country's buoyant stockmarket, with issuers keen to take advantage of the boom in equity prices this year. Although appetite for privatisation stock in Spain seems to be suffering from a degree of investor fatigue, attention is increasingly turning to the corporate and bank sector.

* KfW International Finance Inc Guarantor: Kreditanstalt für Wiederaufbau

* Bank of Nova Scotia Rating: Aa3/AA-

* Koninklijke Hoogovens NV Amount: Dfl 300m

* General Electric Capital Corp Rating: Aaa/AAA

Croatia The $70m two tranche term loan facility arranged by SG and UBS for Pliva ESOP has been launched straight to the market. The facilities are priced at 80bp over Libor and three levels of participation have been offered.

Venezuela * Corporación Andina de Fomento

CONNOR Killeen, the former head of equity capital markets at UBS, is to join Dresdner Kleinwort Benson as global head of equity capital markets starting in September, Euroweek has learned. Killeen, who led UBS' thrust into the primary equity markets over the last six years, left the bank at the beginning of this year following the merger with SBC Warburg Dillon Read.

* Merrill Lynch & Co Rating: Aa3/AA-

THE GERMAN primary market is heading for an unprecedented period of activity, with a large number of capital increases by Germany's biggest corporate groups due for launch in the next few weeks and a wave of small to mid-cap groups looking to float their shares on the Frankfurt equity markets. Despite the heavy supply on offer, issuing conditions are almost perfect. This week the Frankfurt Xetra Dax stockmarket index hit a record high following expectations of positive company results and heavy trading activity in some of the market's leading sectors.

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