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* General Electric Capital Corp Rating: Aaa/AAA

GREECE is poised to stage its return to the fixed rate dollar market with the global transaction it postponed in October last year due to turbulent market conditions. A calmer market has breathed fresh life into the issue which is to start roadshowing today and which is scheduled for launch in the next two weeks. Lead managing the transaction are Lehman Brothers and JP Morgan.

THE $1bn seven year multicurrency revolving credit arranged by Deutsche for Incentive Treasury, Incentive North America and Incentive International Finance has closed. Final commitments were received by the arranger on Tuesday, almost a week later than originally planned. Deutsche Bank had been waiting for the last four banks to commit to the deal on February 13. But to the surprise of Deutsche one of the four banks refused.

* British Gas International Finance Guarantor: British Gas plc

India The $47m eight year fundraising for Maharashtra State Electricity Board has closed undersubscribed and was reduced from $50m. Arrangers include SBI International Merchant Banking Group pledging $25m and Société Générale and Bank of Baroda contributing $10m apiece.

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ITALY'S IRI has announced plans to further reduce its stake in Aeroporti di Roma through a stock offering this year. Lehman Brothers led the IPO for the company in July, regarded as one of the most successful privatisations completed last year. Lehman is favourite to get the opportunity to repeat that success with the follow-on offer.

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MORGAN Stanley Dean Witter and Salomon Smith Barney again showed themselves to be two of the most aggressive fee-cutters in the Brazilian privatisation advisory and equity business this week by undercutting their competition by one third to win the coveted Telebras advisory mandate. The Morgan Stanley/Salomon led Brasilcom consortium, which once lagged third in the technical portion of the bid, snatched the mandate away from its technically better-rated rivals by bidding what is believed to be the lowest fee level yet submitted for a Brazilian privatisation advisory mandate.

AJAX is set to float on the Amsterdam Stock Exchange, the first Dutch football club to do so. The float marks a growing move to public status among European football clubs. Although the majority of clubs to have listed so far are from the UK, other countries are moving down that path as the sport rapidly becomes commercialised. Germany's Borussia Dortmund announced this week it intends to float on the Frankfurt Stock Exchange, a move already foreshadowed by Bayern Munich.