Dresdner Bags Mandates For Demet, Mercantil

Dresdner has won mandates for two small corporate offerings. Demet, a Mexican homebuilder, is heard looking for $100m in 10-year non-call 5 bonds. Banco Mercantil do Brasil is also looking for a similar amount in 5-year senior amortizing notes. Both will roadshow starting in Asia and making up to eight stops in Europe and the US before pricing. This suggests placement with private banking clients, say bankers away from the deal.