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DEBUT Euromarket issues for two of Russia's leading banks this week proved that the bid for Russian assets remains as strong as ever with both transactions emerging for larger than expected amounts. First to hit the screens was a $200m two year FRN for trade finance bank Vneshtorgbank (VTB).

* European Investment Bank Rating: Aaa/AAA

THE EURO-MTN market's rapidly growing telecom sector was boosted this week with the establishment of a $1bn Euro-MTN programme for Belgacom and the announcement by Deutsche Telekom that it had mandated Deutsche Morgan Grenfell to arrange its forthcoming Ecu3bn Euro-MTN facility. Belgacom follows Telenor, Telefónica de Espa¥a, KPN and most recently Telia into the market. Belgacom's programme was arranged by Merrill Lynch, which is joined in the dealer group by Deutsche Morgan Grenfell, JP Morgan, Morgan Stanley Dean Witter, Salomon Brothers, SBC Warburg Dillon Read and UBS.

* Generale Bank Nederland NV Amount: Dfl 250m subordinated debt

Croatia The recently syndicated DM35m five years at 95bp over Libor term loan for Dalmatinska banka being arranged by Bayerische Landesbank and Bayerische Vereinsbank AG was signed on Tuesday in Zadar.

NEW EURODOLLAR issues again struggled to get off the ground this week, leaving debt syndicate managers increasingly concerned about the state of the sector.

NEW EURODOLLAR issues again struggled to get off the ground this week, leaving debt syndicate managers increasingly concerned about the state of the sector. Issuers such as KfW and SEK suffered, while others such as SNCF postponed their launch plans. Some bankers say in current market conditions it is almost impossible to launch successful transactions. Few can see an immediate end to the difficulties.

Belgium First Chicago is quietly arranging a rare foray into the syndicated loan market for Crédit Professionnel. The five year facility is understood to carry pricing of 25bp over Libor and is being organised on a confidential private placement basis.

Swiss francs * Nippon Toyama Corp

* DePfa Bank Rating: Aa3

CITIBANK is in the initial stages of launching its DM1bn and $135m loan for Tarkett AG. The facility is to finance the German flooring products company's DM705m acquisition of Sommer's flooring business. In addition, the loan will provide the enlarged group with working capital and replace existing arrangements including the DM300m five year revolving credit signed in November 1995 and a $135m high yield bond issue.

INGRAM Micro, which is in both the Euro, US and Canadian markets for a series of three financings worth $1.65bn, has mandated NationsBank NA and ScotiaBank to arrange and co-ordinate the financings. European based lenders are being offered a $500m multicurrency revolving credit funding the company's European operations for which the borrower is Ingram Micro Co-ordination Center NV.