The primary market’s Swiss saviour
| In the pipeline: international equity issues planned for 1999 | |||||
| Issuer | Country | Sector | Issue type | Amount ($m) | Date |
| Deutsche Telekom | Germany | Telecom | Secondary | 4,000 | Q1 |
| Unicredito Italiano | Italy | Banks | Secondary | 4,000 | Q1 |
| Potugal Telecom | Portugal | Telecom | Secondary | 1,500 | Q1 |
| Amadeus Global Travel | Spain | Software | IPO | 1,000 | Q1 |
| United Pan EU Communications | Netherlands | Telecom | IPO | 500 | Q1 |
| Software | Germany | Software | IPO | 500 | Q1 |
| Indra | Spain | Electronics | IPO | 500 | Q1 |
| Air France | France | Airline | IPO | 500 | Q1 |
| Navion | Norway | Oil & Gas | IPO | 400 | Q1 |
| H Lundbeck | Denmark | Pharmaceuticals | IPO | 400 | Q1 |
| Continental | Germany | Autos | Secondary | 300 | Q1 |
| Superdiplo | Spain | Retail | Secondary | 250 | Q1 |
| General Optica | Spain | Retail | IPO | 240 | Q1 |
| ICO | Luxembourg | Telecom | IPO | 200 | Q1 |
| Transportes Azcar | Spain | Transport | IPO | 160 | Q1 |
| ENCE | Spain | Pulp & paper | IPO | 150 | Q1 |
| Antenna | Greece | Media | IPO | 100 | Q1 |
| Crédit Lyonnais | France | Banking | IPO | 4,000 | Q2 |
| Deutsche Bank | Germany | Banking | Secondary | 2,700 | Q2 |
| Monte dei Paschi di Siena | Italy | Banking | IPO | 2,000 | Q2 |
| Iberia | Spain | Transport | IPO | 2,000 | Q2 |
| Agfa | Germany | Industrial | IPO | 2,000 | Q2 |
| Aerospatiale | France | Aerospace | IPO | 2,000 | Q2 |
| Turk Telekom | Turkey | Telecom | IPO | 1,800 | Q2 |
| Debitel | Germany | Telecom | IPO | 1,750 | Q2 |
| Telecom Eireann | Ireland | Telecom | IPO | 1,500 | Q2 |
| Morphosys | Germany | Biotech | IPO | 700 | Q2 |
| Austrian Airlines | Austria | Transport | Secondary | 300 | Q2 |
| Elexis | Germany | Engineering | IPO | 300 | Q2 |
| Bank Hapoalim | Israel | Banking | IPO | 300 | Q2 |
| Austria Tabak | Austria | Tobacco | Secondary | 250 | Q2 |
| Egypt Telecom | Egypt | Telecom | IPO | 250 | Q2 |
| Euronav | Belgium | Transport | IPO | 200 | Q2 |
| Elexis Elektroholding | Germany | Engineering | IPO | 200 | Q2 |
| CPN / Plock | Poland | Oil & Gas | IPO | 200 | Q2 |
| Sabroe | Denmark | Manufacturing | IPO | 150 | Q2 |
| Lugrace | Spain | Real Estate | IPO | 150 | Q2 |
| Estonian Telecom | Estonia | Telecom | IPO | 150 | Q2 |
| Cintra | Spain | Transport | IPO | 150 | Q2 |
| Orascom Hotel Holdings | Egypt | Leisure | IPO | 100 | Q2 |
| Juventus | Italy | Leisure | IPO | 100 | Q2 |
| Ameriyah Cement | Egypt | Industrial | IPO | 100 | Q2 |
| Telia | Sweden | Telecom | IPO | 3,000 | H2 |
| Telnor | Norway | Telecom | IPO | 1,000 | H2 |
| Cantrell & Cockrane | Ireland | Beverages | IPO | 1,000 | H2 |
| Airtel | Spain | Telecom | IPO | 1,000 | H2 |
| Turkish Airlines | Turkey | Airline | IPO | 500 | H2 |
| HPT | Croatia | Telecom | IPO | 500 | H2 |
| Logista | Spain | Tobacco | IPO | 450 | H2 |
| Telefónica Publicidad e Información | Spain | Telecom | IPO | 400 | H2 |
| Steierische Energie Holding | Austria | Utility | IPO | 400 | H2 |
| Neopost | France | Industrial | IPO | 400 | H2 |
| INA | Croatia | Oil & Gas | IPO | 200 | H2 |
| Harrys | France | Bakery | IPO | 150 | H2 |
| Podravka | Croatia | Food & drink | IPO | 50 | H2 |
| LOT | Poland | Airline | IPO | 50 | H2 |
| Aeroporti di Roma | Italy | Airport | IPO | 1,000 | Not known |
| Tote | UK | Leisure | IPO | 900 | Not known |
| Belgacom | Belgium | Telecom | IPO | 300 | Not known |
| TAP | Portugal | Transport | IPO | 200 | Not known |
| CIECH | Poland | Chemicals | IPO | 69 | Not known |
| Stinnes | Germany | Transport | IPO | Not known | |
| Ducati | Italy | Motorcycle | IPO | Not known | |
|
Source: Salomon Smith Barney |
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Last year was a watershed in European equity markets,” says Michael Anderson, head of international equity capital markets at Donaldson Lufkin & Jenrette’s London office.
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