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Arranger ABN Amro is preparing the ground for the next phase of syndication for the Eu6bn deal for Belgian brewing company Interbrew. The deal was unpopular in the first round, with commitments falling well short of the desired level. The next phase is expected to be launched around August 14, with a bank meeting set for August 24. The arranger is inviting between 30 and 40 banks to attend.

Four leading investment banks in the US securitisation market this week announced plans to create an electronic trading system for asset and mortgage backed securities that could eventually allow investors to trade with each other directly. Bear Stearns, Credit Suisse First Boston, Lehman Brothers and Salomon Smith Barney are to set up a new company to build what the sponsors describe as "the premier electronic trading platform for all types of mortgage and asset backed securities" as well as "an internet-accessible trading system for the mortgage securities market".

Egypt CIB Egypt is moving towards the market and looking to extend the usual three year maturity for Egyptian banks, with a $150m five year loan.

America Online Latin America was this week forced to cut its price range and delay the launch of its IPO until next Monday after failing to attract enough US investor demand. Originally expected to raise $425m in a 25m share offering at $15-$17 per share on Tuesday, AOL Latin America dramatically revised the range to $8-$10, and changed its pricing date to Thursday and then to Monday.

America Online Latin America was this week forced to cut its price range and delay the launch of its IPO until next Monday after failing to attract enough US investor demand. Originally expected to raise $425m in a 25m share offering at $15-$17 per share on Tuesday, AOL Latin America dramatically revised the range to $8-$10, and changed its pricing date to Thursday and then to Monday.

China General syndication for Swift River Inc's $190m debt facility has closed oversubscribed.