GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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  • CARREFOUR, the French hypermarket chain, has mandated Banque Nationale de Paris, Citibank and Paribas to arrange a jumbo Ffr19bn credit. The three banks are holding an underwriters' meeting today (Friday) at which the deal's terms and structure will be presented.
  • JOINT lead managers Credit Suisse First Boston and Goldman Sachs have filed a registration statement with the SEC to launch an offering of stock in Chrysler Corporation relating to the US car group's merger with Germany's Daimler-Benz. The merger, which will create the world's largest auto group, will be cemented by a share exchange between the two groups' shareholders.
  • * Kredietbank Luxembourg Amount: Dkr400m subordinated debt
  • Deutschmarks --------------------------------------------------------------------------------
  • DISGRUNTLED bankers yesterday warned that Mexico's contentious decision to cash in its $2.66bn emergency line of credit could hurt other Latin sovereigns looking for bank loans as well as crowding out Mexican corporates. In a move which has struck the UMS from many banks' lists of most-favoured borrowers, the Hacienda decided to cash in the 18 month contingency loan after banks indicated that they would only want to renew it at higher prices.
  • Hungary Arranger Bankgesellschaft Berlin will sign the $50m five year term loan for Hypobank Hungaria on October 16. A lengthy documentation has held up the deal, although the arranger says it is confident of meeting the specified date.
  • * Republic of Italy Rating: Aa3/AA
  • FRENCH utility EdF will today offer investors their first chance to exchange illiquid bonds denominated in constituent Emu currencies directly into liquid euro benchmarks. Only France and the European Investment Bank have previously launched such exchanges -- but into eurofungible lines requiring redenomination at the end of 1999.
  • Emerging markets commentary Compiled by ANZ Investment Bank, London. Contact: Chris Portman,
  • THE INTERNATIONAL bond markets are heading for a major shake-out after a period of turbulence more severe than it has known for many years -- and which still shows no sign of abating.