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* International Finance Corp Rating: Aaa/AAA

* Caymadrid Intl Ltd Guarantor: Caja de Madrid

Estonia Sumitomo Bank has completed its DM25m three years at 90bp over Libor term loan for first time borrower Tallinna Pank Liising.

Brazil * Banco ABN

ROBERT Fleming and CentreInvest this week successfully married the Russian auction system with a western-style bookbuilding for the offer of shares in Uralmash, one of the country's leading heavy industry groups which specialises in the manufacture of mining excavation equipment. The deal closed last night and the issue price will be released today (Friday) following the collection of bids taken by Robert Fleming after sounding out investors at an indicated minimum price of $7.25.

* ABN AMRO Rothschild has launched the sale of stock in Holland Chemical International. The lead manager is marketing investors for their interest in the shares at between Dfl 36 and Dfl 40. Salesmen in the local market report that domestic investors have not been unduly affected by the correction which Amsterdam and other markets have suffered this week but that the issue price may not be set at the top of the range. The deal is well covered with high quality interest, which has not evaporated in the face of the 4% fall on the local bourse.

France Syndication of the high profile Ffr60m revolving credit being arranged for triple-A rated Cades closes today (Friday). The final syndication outcome for the zero weighted deal should be known early next week.

* Baden Württemberg L-Finance NV Guarantor: L-Bank

LEAD manager Merrill Lynch has launched an offer of stock for the Brussels based airline Virgin Express. The company filed a registration statement with the SEC on Wednesday in preparation for the offer of 2.14m primary shares and will commence roadshows next week. Merrill expects to raise around $100m when it prices the shares on November 12-13.

* Bayerische Hypotheken- und Wechsel-Bank AG Rating: Aa2/A+ (on watchlist for upgrade)

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THE $480m global equity offering of stock in Chile's Banco Santiago fell victim to market turmoil yesterday (Thursday) when potential investors abandoned the deal indefinitely on the eve of pricing. Just hours before the deal was scheduled to be priced on Thursday evening, the central bank called joint lead managers Goldman Sachs and Merrill Lynch and suspended its sale of 22% of Banco Santiago common stock.