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MERRILL Lynch has won the coveted role of joint global co-ordinator alongside Deutsche Morgan Grenfell for the DM3bn capital increase for Mannesmann, the German industrial conglomerate.

MERRILL Lynch has won the coveted role of joint global co-ordinator alongside Deutsche Morgan Grenfell for the DM3bn capital increase for Mannesmann, the German industrial conglomerate. Goldman Sachs will act as joint bookrunner on the deal, one of the most eagerly awaited blue-chip German equity offerings, at a time when the country's leading corporates are queuing up to tap US and international markets.

ING BARINGS has been mandated to lead the largest Mexican corporate bond issue so far this year -- a $500m long dated Yankee offering for Grupo Minero Mexico, the country's leading mining firm. The issue, for which roadshows start in Europe today (Friday) and continue in the US next week, is likely to be launched in around 10 days' time. Although details on the transaction are sketchy, it is expected to have a multi-tranche format. A 10 year issue looks certain, as well as a possible longer tranche or tranches at 20 and/or 30 years.

Cyprus Bank of Tokyo-Mitsubishi, Commerzbank and Crédit Lyonnais have launched syndication of the $100m five year standby revolving credit for the Republic of Cyprus. The loan is priced at 27.5bp over Libor and has a commitment fee of 13bp. Three levels of participation in general syndication are offered with lead managers receiving fees of 20bp for takes of $7.5m, managers taking fees of 17.5bp for $5m and participants 15bp for $2.5m.

* Deutsche Morgan Grenfell has been mandated to lead manage a debut Eurobond for the Czech Republic's SPT Telecom. It should emerge for DM500m over a five year tenor and be launched at the end of March or the beginning of April. Thanks to its A rating from Standard & Poor's, the SPT Telecom issue will represent a rare opportunity for fixed income investors to book an investment grade asset from a corporate operating in the fast growing industry in central and eastern Europe.

* SBC Warburg Dillon Read is the frontrunner to be global co-ordinator for the forthcoming sale of stock in Den norske Bank. The Norwegian bank was partially privatised in 1996 through a Warburg led deal that was one of the most successful international equity offerings out of Scandinavia that year. The next offering should take place later this year and a wide range of regional and international firms are bidding for the mandate. The transaction will comprise a local offering to Nordic investors as well as an international tranche.

* Bayerische Hypotheken- und Wechsel-Bank Rating: Aa2/A+

United States ANZ Investment Bank has closed a $50m three year revolving credit facility for Cogentrix Energy. Co-agents joining the facility are CIBC Oppenheimer, Dresdner Bank AG and Royal Bank of Scotland. The loan will be used for general corporate purposes including equity investments in power projects. Cogentrix is based in Charlotte, North Carolina and is a independent power producer involved in developing, owning and operating electric power facilities.

LEADING UK communications company NTL set a new benchmark in the high yield market last week with the launch of the largest high yield financing ever issued in a European currency. The sterling tranche of NTL's 10 year Euro/144A offering raised £300m through a £125m cash paying bond launched at 350bp over Gilts and a £175m deferred coupon bond launched at 475bp over.

AFTER numerous false starts, Greece will this year make yet another attempt to revive its flagging privatisation programme. Although a large number of assets remain in state hands, including companies in telecoms, finance, oil and leisure, many of them are poor performers.

Julie Gavin has joined Credit Suisse First Boston's loan syndication department as a director. She will report to Grant Johnson, managing director of loan syndication. Gavin joins from CSFB's media and telecommunications group where she was head and director.