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Chase Bank of Texas has arranged a $250m facility for EVI Inc. Pricing for the five year loan is based on the company's debt rating. The Libor margin range is 37.5bp to 100bp and the commitment fee range is 17.5bp to 25bp.

Australia Macquarie Bank is tapping the market with an A$110m loan for Airtrain Citylink Ltd to finance the Brisbane Air Train Project. The total project cost is A$160m split between A$110m of debt and a A$50m equity portion. Proceeds will finance the development of an 8.8km elevated railway track from the existing northern suburban Brisbane railway line to the international and domestic terminals at Brisbane airport.

China Xinjiang Airlines Ltd has mandated Chase Manhattan Asia to arrange an $180m US Exim backed financing to fund the purchase of two B757 aircraft. The last time the borrower was in the market was in February 1996 with a deal arranged by Bank of China and Kincheng-Tokyo Finance.

* Caixavigo Amount: Esc5bn

* Bacob Overseas Ltd Guarantor: Bacob Bank

AUSTRALIA'S St George Bank will launch its debut international securitisation at the start of next week with the sale of up between $450m and $500m of mortgage backed securities. Lead manager Deutsche Morgan Grenfell would not comment on pricing or the progress of the deal, but participants who attended one of the series of roadshows held this week described the transaction as well received.

MERRILL LYNCH completed the securitisation of a new class of asset this week when it priced the Lit475bn offering backed by the revenues of the film library revenues of Italian media group Cecchi Gori. Structured film-based transactions have been launched in the past -- such as for Walt Disney -- but these were participation bonds linked to revenues from movies yet to be replaced.

GREENWICH NatWest has fought off fierce competition to win the mandate for the first ever securitisation of UK student loans. After months of bidding, the contest boiled down to a straight fight between Greenwich NatWest and a joint Barclays Capital/Goldman Sachs bid.

MBNA has refined its Cards securitisation programme with the launch of the first ever fixed rate sterling asset backed by sterling receivables. The £237.5bn transaction for Cards 5 -- Chester Asset Receivables Dealings No5 -- was launched last Friday by lead manager JP Morgan.

MORGAN Stanley Dean Witter launched a $2.4bn refinancing for the Airplanes Group yesterday (Thursday) after receiving SEC approval for the securitisation. Airplanes had been expected to return to the market -- it had a $850m 'A1' class tranche of its $4bn securitisation from March 1996 falling due on March 16 -- but the issuer has decided to take up the option to refinance other asset classes.

* US finance company GMAC has made a bold step into the UK mortgage market with the purchase of Birmingham Midshires Mortgage Services. GMAC will focus on providing non-standard mortgages, a growing sector of the UK market. The purchase was made through GMAC subsidiary Residential Funding Corporation, and the new company will trade as RFC Mortgage Services Ltd. RFC aims to generate business by developing links with mortgage originators --including the Birmingham Midshires itself -- as well as purchasing mortgage portfolios.

BANKERS TRUST will officially launch the £535m securitisation for Punch Taverns next week. The proceeds will be used to acquire the majority of the leased pub estate of UK brewer Bass, and will be the second such securitisation in the space of a few weeks .