Search results for

* Deutsche Bank Finance NV Guarantor: Deutsche Bank AG

* Halifax plc Rating: Aa1/AA

SALOMON SMITH Barney has won the prestigious mandate to be global co-ordinator for the sale of shares in Türkiye Is Bankasi (Is Bank), the largest Turkish bank. The transaction, through which the government will sell its entire 12.3% stake, will raise between $600m and $800m -- making it easily the largest to be completed in the Istanbul market.

UBS AND ING Barings have won the prized mandate to lead the $1.6bn sale of stock in Hagermeyer, the Dutch listed group. The deal, representing 40% of the company's equity, will be launched next month for completion in March. The shares are being sold by First Pacific Corp, which is divesting its entire stake in Hagermeyer as part of a disposal programme to shore up capital. The 40m ordinary shares will be sold through a global offering, which may also involve a buy-back by the company and a convertible preference share issue.

11522

UBS as lead arranger, underwriter, bookrunner and facility agent, has launched general syndication of £118m of debt which will support the LBO of Ilford Imaging Limited by Doughty Hanson. Bank of Scotland has joined as co-arranger and underwriter, Syndication will be offered to a small number of banks. Ilford, which has been disposed of by International Paper, specialises in monochrome, colour and ink jet reproduction technology.

* As in most years, the US equity market has been quiet at the beginning of January. However, the pipeline is building and Merrill Lynch, continuing its form of last year, has been busy. It is already marketing, for instance, the flotation for ElderTrust, a Florida based REIT and one of the few healthcare REITs to come to the market in recent years.

* Commerzbank AG Rating: Aa2/AA-

* Islandsbanki HF Rating: A3

Asset backed securities: * Chase Credit Card Master Trust 1998-1

Bulgaria London Forfaiting is preparing to syndicate a $10m one year loan for First Investment Bank of Bulgaria. The loan, which is priced at 75bp, will be sold down to a club of participants. The loan will be used for general corporate purposes.

AS PREDICTED in Euroweek last week, lead manager HSBC has launched the sale of £400m in exchangeable bonds for National Grid Company plc. The deal was mooted at the end of last year when the company sought approval from majority shareholders. It is the first time such a structure has been launched in the UK. The 10 year bonds offered investors a semi-annual coupon of