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Germany Optical technologies specialist Linos is scheduled to list on the Neuer Markt on September 4. The company will issue 1.54m shares, representing 31% of its assets. Of these shares, 1.245m will be capital increase, 155,000 will be secondary and 140,000 will make up the greenshoe.

Hungary Matav, the Hungarian telecoms operator, has appointed Schroder Salomon Smith Barney as its ratings adviser for a bond issue likely to be launched early next year.

* Cregem Finance NV

Brazil stole the limelight in the international equity markets yesterday (Thursday) with the $4bn sale of 180m shares in its oil concern Petroleo Brasileiro SA (Petrobras) - the largest global share offering from Latin America. International demand for the deal was so strong that over 60% of the offering was sold to international investors, and the ADRs, priced at $24, surged more than 12% in afternoon trading on the NYSE to $27.3125. Petrobras was the most actively traded issue of the day, with more than 27.17m shares traded.

SB Leasing Company has dropped New Japan Securities Europe as a dealer off its $4 billion Euro-MTN programme. The following have been added as dealers: Zenshinren International, BNP Paribas and Credit Suisse First Boston. The programme has $1.30 billion outstanding off 136 issues and was arranged in 1997 by Daiwa SBCM Europe.

Peugeot Finance International and Banque PSA Finance have increased the ceiling off their $2.5 billion debt issuance programme to $4 billion. Greenwich NatWest has been dropped as a dealer, while Deutsche Bank has been added. The programme was signed in 1994 and is arranged by JP Morgan. It has a total outstanding of $2.85 billion off 63 trades.

Denmark

Market report:

* Bank of Ireland

* Merrill Lynch & Co Inc

Telefonica Europe has increased and redenominated its $2 billion debt instrument to euro8 billion ($7.2 billion). The programme was arranged in 1996 and has $1.2 billion outstanding off four trades.

* Bear Stearns Companies Inc