GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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  • * Crédit Lyonnais Belgium SA Amount: Dkr100m
  • * Achmea Hypotheekbank NV Amount: Dfl 200m
  • * Asian Development Bank Rating: Aaa/AAA
  • Czech Republic Chase Manhattan plc and Citibank NA have completed syndication of their punchily priced $400m multicurrency revolving credit for EuroTel Prahia Spol sro.
  • * Kredietbank International Finance NV Guarantor: Kredietbank NV
  • Argentina * Republic of Argentina
  • * French theme park Parc Astérix will shortly be floated on the Nouveau Marché when over 63 per cent of the company will be sold. The offer price, to be announced on October 16, will be set between FFr145 and FFr165, and trading will start on October 24. The issue will comprise an offer of up to 345,000 new shares and 1.8m old shares, to be sold by existing shareholders.
  • Chase Manhattan plc is in the market with its recently mandated $250m revolving credit for Enron Corporation and its overseas subsidiaries. Prior to launch, the 364-day facility, which may be drawn in US dollars, sterling, Deutschmarks or Norwegian kroner, was offered to a pre-selected group of potential co-arrangers. Three banks -- Barclays, Christiania Bank and WestLB -- have signed up.
  • WHAT price the soon to be mandated Ffr10bn revolving credit being sought by first-time borrower French railtrack operator RFF? Until recently, the market was set to price the deal off the recently completed jumbo for 100% risk weighted France Télécom. However this week's announcement that RFF, a state owned corporate with EPIC status, had been assigned a surprisingly low 20% risk weighting has got most bidders reaching for their calculators once again.
  • * Robert Fleming is poised to complete the global offering of GDRs in Banque Audi, the Lebanese retail and commercial bank. Bankers said the marketing period has gone very well, with the syndicate confident as the books are set to close today (Friday). The offer price will be announced on Monday 13 October but lead manager Flemings expects to price the GDRs at the top end of the indicative pricing range of $25-27. Syndicate members reported good orders coming in from the UK and Europe, with particularly strong interest shown by US investors. The primary shares, listed on the Beirut and Luxembourg stock exchanges, are being offered to international investors only and are 144a eligible. Each GDR will represent one share. Flemings also had the books for the successful flotation of the bank in October 1995, when they offered 2.7m GDRs at $12.60, raising a total of $34m.
  • * Baden-Württemberg L-Finance NV Guarantor: L-Bank
  • LEBANON's Fransabank kicked off its newly established $300m global deposit programme in style this week, launching a $150m five year transaction -- the largest non-sovereign Eurobond from the country to date. The Euro/144A offering was lead managed by Merrill Lynch, which is also the arranger of Fransabank's debt issuance facility.