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Argentina created a Eu1bn four year benchmark on Thursday by adding Eu500m to a 9.25% July 2004 deal launched in June. According to an official at lead manager Caboto, the second tranche of the transaction was launched to take advantage of good appetite for Latin euro paper among both retail and institutional investors, in spite of the usual summer lull.

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Banco Bilbao Vizcaya Argentaria Brasil has signed a $1 billion Euro-MTN programme. The arrangers are Salomon Smith Barney and BBVA Securities. The issuer is the Brazilian arm of BBVA. The dealer group is Lehman Brothers, Goldman Sachs and the two arrangers.

The news that DLJ was the subject of a $90 per share bid this week did not come as a total surprise. If there was any surprise, it was that the bidder was the Credit Suisse Group, when all eyes were looking in the direction of JP Morgan - poor JPM really does need a new pair of starting blocks for Christmas. The price of $90 per share makes DLJ's managers very rich indeed. The problem for Allen Wheat and his CSFB team is to persuade the DLJ high yield wizards and its top investment banking rainmakers not to call it a day. Wheaty will be hoping that offering a mountain of Credit Suisse options for DLJ options will do the trick.

Austria Morgan Stanley Dean Witter, Goldman Sachs and CAIB have been appointed global co-ordinators for the IPO of Head. The company, which makes tennis rackets and winter sports equipment, will list in New York and Vienna. The deal is scheduled for this autumn.

Natexis Banques Populaires will sign a euro2.5 billion ($2.25 billion) Euro-CP and Euro-CD programme in the next two weeks. Lehman Brothers has been awarded the arrangership. The programme will replace those of Caisse Centrale des Banques Populaires and Interfinance Natexis, each of which had a ceiling of $1.5 billion. The dealers are Banque Populaire du Luxembourg, Barclays Capital, Citibank, JP Morgan, NatWest Global Financial Markets, UBS Warburg and the arranger. Daiwa SBCM Europe, Deutsche Bank and SG have not been retained as dealers.

* Caisse de Refinancement de l'Habitat

DEUTSCHE BANK is launching a fully underwritten Eu480m senior debt package for broadband services provider FirstMark. Senior co-arrangers are asked to commit Eu40m for a 70bp flat fee, and co-arrangers Eu30m at 55bp.