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* Lead manager ABN Amro Rothschild has accelerated the subscription period for its Dfl 200m convertible for Stork. The seven year bond carries an indicated coupon of 4.375% to 4.625% with a conversion premium of between 25% and 30%. Investors have three years of hard call protection. Kempen & Co and Rabo Securities are co-lead managers. Credit Suisse First Boston and MeesPierson are co-managers.

* Commerzbank AG Rating: Aa2/AA-

United States Sumitomo has won the coveted mandate to arrange $145m of non-recourse financing to finance the construction of a new ballpark for the Detroit Tigers baseball team. The loan, which has been underwritten by Sumitomo, will have a 15 year tenor, including construction and term.

NTT launched only the second major issue of 1998 from a Japanese corporate this week with a $1bn 10 year global bond which had to strike a fine balance in pricing to ensure distribution in all three centres. Some bankers said the deal had been priced cheaply at 49bp over. Others, and not just the lead managers Goldman Sachs and Morgan Stanley, argued that it was set at exactly the right level to ensure the US distribution which the issuer wanted.

* De Nationale Investeringsbank Rating: Aa3/AA+ Amount: Pta7bn (increase to Pta10bn issue launched 04/03/98)

UNRATED Italian corporate Parmalat opened the euro sector to a new class of credits this week with the launch of the largest euro denominated floater. The Eu500m deal is also the largest corporate Italian Eurobond and the first unrated euro FRN. The deal set a new benchmark in the euro sector -- previously the domain of sovereigns and supranationals -- and emphasises the depth and breadth of demand for euro product. Parmalat upped the deal from Eu400m to meet demand.

THE SECURITISATION line-up at the new Warburg Dillon Read has been finalised, and as predicted in Euroweek last week, in Europe at least the former SBC has come out on top. Peter Shorthouse, head of SBC Warburg Dillon Read's European securitisation unit, retains that role in the new bank. The major losers are David Bonsall and Mark Lewis, respectively global and European head of securitisation at UBS. Both are understood to have left the bank this week.

STUDENT loans were securitised in the UK for the first time this week, as Greenwich NatWest brought a highly complex £1.03bn deal parcelling a unique portfolio of assets. NatWest had earlier won the mandate to privatise the first tranche of state loans to students in a year long competition organised by NM Rothschild & Sons.

* Merrill Lynch brought MBNA to the Deutschmark market this week with a DM1bn 10 year fixed rate deal. MBNA America European Structured Offerings No 4 was priced at 99.60 with a coupon of 5.125% to yield 34bp over the 5.25% January 2008 Bund. "There has been increased demand for Deutschmark spread product, especially at 10 years, and we took advantage," said a syndicate official at Merrill Lynch in London. "The deal went extremely well at 34bp, and the bond is now trading at 33.5bp/32.5bp. Demand came from a very wide range of investors right across Europe, particularly investment advisers, mutual funds and insurance companies."

SAKURA Bank this week brought the first securitisation of Japanese corporate loans since Bank of Tokyo-Mitsubishi's Japan Loan Securitisations deal last September, with a ¥45bn CLO sole managed by Sakura Finance International. Fuji Bank, by contrast, has cancelled a planned $2bn Japanese asset CLO through Goldman Sachs, due to be launched this week.

SANWA Bank became the latest Japanese bank to securitise North American corporate loans this week, as Lehman Brothers and Sanwa International brought a blow-out $1.7bn global deal. Excelsior Master Trust Series 1998-1 offered two senior tranches rated triple-A by Moody's and Standard & Poor's. Controlled amortisation gives them average lives of 2.99 and 4.99 years. Class 'A1', worth $952.51m, came at 18bp over three month Libor, while the $512.89m class 'A2' notes were priced at 24bp over Libor.