Pre-migration untagged articles

There was healthy issuance in all sectors of the bond market this week, although the frenzied pace of the opening weeks of the year was not maintained.

German luxury car maker Porsche returned to the credit markets for the second time in three days to sell Eu2bn of bonds this week, the largest deal ever issued by an unrated credit.

There was healthy issuance in all sectors of the bond market this week, although the frenzied pace of the opening weeks of the year was not maintained.

There was more bad publicity this week for the £629m IPO of UK defence research company QinetiQ with the announcement of a National Audit Office investigation of the sale — but investors reacted well to the bookrunners' valuation and the deal appears to be firmly on track.

Lee Rochford has left Credit Suisse, where he ran the European asset finance group. He has been replaced by Adrian Carr, the firm's head of ABS syndicate and trading.

Lee Rochford has left Credit Suisse, where he ran the European asset finance group. He has been replaced by Adrian Carr, the firm's head of ABS syndicate and trading.

Penerbangan Malaysia is preparing to return to the international bond markets less than three months after it withdrew a $1.05bn 10 and 30 year deal just hours before pricing. The state-guaranteed company which owns Malaysia Airlines is understood to be talking to Barclays Capital, Deutsche Bank, Credit Suisse, JP Morgan and Morgan Stanley about another deal. It is widely expected to be a $1bn 10 year transaction, to be launched during the first half of 2006. Bankers expect Malaysia's Commerce International Merchant Bankers to retain the mandate it was awarded in November, but Citigroup and HSBC, which were the other bookrunners for the pulled deal, have not been invited to bid.

Concerns about greater supply this week forced US Treasury yields up and pushed swap spreads wider. The non-partisan Congressional Budget Office (CBO) announced yesterday (Thursday) that the budget deficit would be at least $337bn in 2006, $20bn higher than last year.

The new year has meant a reshuffle of all places in the three league tables. Royal Bank of Scotland has come up on top of league table one.

Now we are back on our feet, albeit slightly unsteadily, from those two wretched hip operations last year, we have been able to spend some time with influential Euromarket friends. Bob Diamond at Barclays Capital paid us the compliment of coming up from Canary Wharf to have lunch at our favourite bar and grill in Knightsbridge. We weren't quite sure whether Bob or Barclays Capital was smiling more, because the firm had an outstanding year in 2005.