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Norway General syndication of the Eu110m five year revolving credit for Det Norske Veritas will be launched at the end of January by arrangers Citibank and Deutsche Bank.

THE CO-ARRANGER phase of the Vivendi debt facility has been so successful that arranger SG has agreed with the borrower to increase the loan from Eu500m to Eu750m. The phase was launched two weeks ago and, although success was always likely given Vivendi's reputation and strength, the quality of the co-arranging group has surprised even the most dour of market participants.

Argentina Arranger Bayerische Landesbank has completed the $40m syndicated loan facility for Banco de Galicia y Buenos Aires SA. The facility is priced at 225bp over Libor, matures on June 4 1999 and is for general funding purposes.

Angola Warburg Dillon Read reports that general syndication of the $500m oil contract pre-export financing for Sociedade Nacional de Combustiveis de Angola (Sonangol) is progressing smoothly and that retail should close on time on February 9.

Australia ANZ Investment Bank and National Australia Bank have been mandated to arrange a $150m eight year acquisition financing for the Blair Athol Coal Mine.

* Morgan Stanley Dean Witter has appointed Stefano Corsi and Jonathan Chenevix-Trench as co-heads of fixed income in Europe. They succeed Paul Daniel, who has decided to retire from the company to pursue other interests. Previously a manager in the fixed income sales department, Corsi will also become head of European fixed income sales following the retirement of Robert Whitehand.

* Bayerische Landesbank and a French non-bank institution acted as temporary investors in Crédit Foncier de France's Ffr9bn (Eu1.37bn) mortgage securitisation, completed just before the year end. Crédit Foncier now plans to repackage the units issued by the fonds commun de créances (French securitisation vehicle), by arranging their sale to a special purpose company that will issue billets de trésorerie (domestic CP). Balaba and the French institution will be co-arrangers, and the repackaging is intended to begin in the first half of this year.

JOINT bookrunners Merrill Lynch and JP Morgan began roadshows this week for the second securitisation of UK nursing home leases by NHP -- formerly Nursing Home Properties. Care Homes No 2 will offer three 24 year bullet tranches with fixed rate coupons, totalling £265m. The £180m senior note will be rated triple-A by Duff & Phelps and Standard & Poor's -- beneath that are £60m of single-A rated mezzanine bonds and £25m of triple-B debt.

INVESTORS will get a rare chance to buy a public collateralised loan obligation backed by loans to European corporates in early February, when HypoVereinsbank brings Eu2.126bn of bonds securitising loans from its Luxembourg branch. Lead managers Goldman Sachs and HypoVereinsbank will roadshow Geldilux 99-1 Ltd in London next week.

UNION DE Crédit pour le Bâtiment, a subsidiary of Paribas Retail Financial Services, brought securitisation into the euro era this week with a Eu1bn mortgage backed offering from special purpose vehicle Domos 5. The deal is the largest euro securitisation, and only the third so far. It is also one of the biggest mortgage securitisations in Europe, and the first of floating rate home loans in France.

AMERICAN Honda Finance Corp joined the parade of auto lenders that have led asset backed issuance in the US so far this year, when Credit Suisse First Boston brought a $729.508m fixed rate deal. Honda Auto Receivables 1999-1 Owner Trust was priced well inside last week's $411.98m deal for Mitsubishi Motors Credit of America.

Australia The Australian Stock Exchange is again seeking to change the composition of the All Ords index following last year's debacle. The ASX announced proposals in December to create an ASX 100 and an ASX 250 to replace the All Ords, only to see its plans rejected by fund managers. Bankers said that the 10 largest stocks now account for more than half the market's A$500bn capitalisation.