Search results for

THIS WEEK was a busy one on Wall Street as the new issues market remained robust and a number of companies returned with large secondary offerings. Goldman Sachs was successful with the IPO for Northpoint Communications Holdings mid week, raising some $360m for the company.

* Warburg Dillon Read has arranged a Eu1.5bn Euro-MTN programme for Banca Lombarda, rated A2. A Eu350m floating rate bond was launched this week under the programme. Further details are as yet unknown. For comment on the issue, see Bonds.

>* Commerzbank AG

GERMAN investors' preference for Neuer Markt stocks seems likely to encourage foreign companies to seek a listing on this second tier market for small to mid-cap high growth corporate groups. In the next few weeks, two Austrian companies -- Sanochemia and AT&S -- should float their stocks on a hugely successful market that has hosted more than 45 IPOs this year.

The RECENT award of arranging mandate by Kredyt Bank has highlighted the growing number -- now six -- of Polish bank names either in or circling the loan market this year.

>* DePfa

4586

Estonia The loan for Hansa Capital has emerged as a Eu30m three year facility. The arrangers and joint underwriters are the EBRD, Commerzbank AG and Deutsche Bank. The EBRD is the lender of record.

EKSPORTFINANS, Norway's export credit agency, will next week launch a benchmark bond for at least $500m equivalent. The transaction could be denominated in dollars or euros and a decision regarding the currency and maturity is expected today (Friday). "The message from the investor meetings is that there is a preference for either a five year dollar transaction or a 10 year euro offering," Anders Bruun-Olsen, senior vice president responsible for funding at Eksportfinans told Euroweek. "We will decide closer to launch depending on market conditions and what gives us the best reception."

INTERNATIONAL SECURITISATION had its busiest week ever with a burst of deals exceeding anything the market has seen before. Eight issuers spanning Australia, Europe and Latin America launched bonds worth $5.96bn, including a wealth of big transactions.

>* ALA (Nevada)