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China Arranger BA Asia is forming an arranger group for a $100m 364 day L/C facility for Minmetals Capital & Securities.

Asia * Commercial Plaza Securitisation Ltd

Airport operator Grupo Aeroportuario del Sureste (Asur) yesterday became the first Mexican company in more than three years to launch a major international IPO when it sold $335.8m of Americal Depository Receipts (ADRs) and common shares. The offering, led by UBS Warburg, offered 22.2m ADRs, with each representing 10 common shares. The issue was priced at $15.125 per ADR, in the middle of its $14.00-$16.25 price range, and closed an eighth of a point higher on its first day of trading on the New York Stock Exchange. About 90% was placed outside Mexico.

Australia Co-ordinating arrangers Chase Manhattan Bank Australia and Toronto-Dominion Australia will wait until mid-October before closing the sub-underwriting stage for the A$300m term loan for PowerTel.