Pre-migration untagged articles

Russia's IPO pipeline is getting fuller. Last week, Russian metals companies Severstal and Polymetal were reported to be eyeing London listings in the next 12 months. This week, commodity producers Uralkali, TMK and Sual joined the fray.

State-owned Sberbank, which holds almost two thirds of Russia's deposits and around 30% of the banking sector's assets, has chosen four banks to arrange a syndicated loan of up to $1bn.

German steel producer Salzgitter enlivened the equity markets this week with a Eu1.4bn sale of stock in Vallourec, the French steel tube maker, through a straight equity sale, a mandatorily exchangeable bond and a private hedging transaction.

Manfred Schepers, head of the Bond Market Association International, will leave the organisation in October to become the new vice president for finance of the European Bank for Reconstruction and Development.

The mid-summer lull meant it was quiet across markets this week, especially in Japan where they are celebrating the annual Obon holiday.

The mid-summer lull meant it was quiet across markets this week, especially in Japan where they are celebrating the annual Obon holiday.

The summer lull has firmly set in, resulting in little movement on the tables this week. In league table one Dresdner Kleinwort moved up two notches into 12th place. The German bank led a $12.5m three year equity-linked note for KBC Ifima.

European credit indices have been unable to break free of current ranges as liquidity begins to dry up for the holiday season.

ver since we wrote about Nomura in these columns, it would seem that we have let the Japanese cat out of the bag. A message from Daiwa, which is a much better brokerage house than they sometimes pretend, says that Nomura isn't the only Japanese house that works in mysterious ways and pays little attention to its overseas operations.

Leak caught up with UBS's new London-based head of EMTN's, Evie "Christie I've gone doolally" Christodoulidou, on her first day in the office yesterday (Thursday). Amazingly, she said that no one had misspelt or mispronounced her name yet. Obviously Paul and Stuart are on their best behaviour...

Link Real Estate Investment Trust has scaled down its plans for a syndicated loan and is understood to have cancelled a potential US dollar bond issue after a mystery investor persuaded the issuer to change its plans.