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India ABN Amro Bank NV has launched a $200m six month financing for Indian Oil Corp. The arranger is conducting roadshows in Singapore, Bahrain and London between October 18 and October 21.

Warburg Dillon Read and Merrill Lynch have completed the highly successful Eu800m offering of stock in Amadeus Global Travel Distribution. The deal has taken some time to come to the markets - but with a book of demand that was more than 10 times covered, it was worth the wait. The lead managers indicated a price range between Eu4.75 and Eu6 and the shares were sold at Eu5.75. This cautious pricing reflects the turmoil in global markets during the week, when disappointing earnings from various technology groups sent Nasdaq and then the Dow Jones into a virtual tailspin with the main market loosing 200 points over two sessions.

Merrill Lynch and WestLB are to raise Eu1bn in new capital for EM-TV, the Munich-based television group specialising in children's entertainment. The company was founded by the Huffa brothers, who still own 64% of the company. Thomas Huffa used to be employed by the German media group, Kirch, and two years ago the group purchased Kirch's children's television activities, Junior TV.

International and local investors are indicating strong support of the Italian government's Eu9bn to Eu12bn sale of shares in Enel, the national electricity giant. The transaction has two weeks to go before pricing over the weekend of October 30 and the book of demand is already well covered. One salesman in London said: "International investors are most interested in buying large, liquid blue chip stocks - something that they can easily value, with decent cash earnings and a stable regulatory environment."

Swiss pharmaceutical group Roche has announced its intention to issue a combination of stock and exchangeable bonds. Some $1bn in new capital will raised through the sale of straight stock in Genentech, the US bio-tech group using human genetic information to discover, develop, manufacture and market human pharmaceuticals. The divestment will take the form of two tranches - a the sale of common shares and the offer of LYONs convertible into Genentech shares.

The Finnish government's divestment of Sonera has been an outstanding success, with global co-ordinators Goldman Sachs and Merita selling 127m ordinary shares in the Finnish national telecoms operator for Eu23.75 off a closing price in Helsinki of Eu24.75. The stock has been well bid in the local market in recent months, with the traded stock reaching a high of just under Eu28 at the beginning of this month.

Goldman Sachs and Morgan Stanley Dean Witter have launched the Eu750m sale of stock in UPC, the Dutch-based European cable communications company. UPC was floated at the start of this year in a $1.4bn deal which saw the stock priced at Eu29. The shares have moved up steadily since then and have been trading between Eu60 - the level when the deal was first launched - and its current price of Eu64.

Vodafone AirTouch, the world’s largest mobile phone operator, launched the first leg of a $4.5bn bond market spree this week when it brought a highly successful Eu1.5bn seven year transaction that represented a vote of confidence from investors in the merged company.

Vodafone AirTouch, the world’s largest mobile phone operator, launched the first leg of a $4.5bn bond market spree this week when it brought a highly successful Eu1.5bn seven year transaction that represented a vote of confidence from investors in the merged company.