Pre-migration untagged articles

Privatisation has caused the French government plenty of political headaches this year, but at least the IPO of Electricité de France went well in the market. But 10 years ago, when Alain Juppé was prime minister, it was even worse — the French privatisation programme had a dismal record of producing badly performing deals.

Stefano Scalera will take over Domenico Nardelli's position as head of international funding and liability management at the Italian treasury with effect from January 1. Scalera was in charge of domestic funding at the treasury from 2000 to earlier this year, during which time, together with Nardelli, he designed and implemented much of Italy's funding strategy.

This will be our last column for 2005, a year that has produced spectacular financial rewards for investment bankers and investment banking staff, hedge fund managers and traders and the private equity funds. Very rarely have we seen so much money being awarded to individuals, with some partners earning not tens of millions of dollars, but hundreds of millions.

Citigroup sneaked ahead of long-reigning Deutsche Bank in league table two this week, to take first place as the year neared its close. Two of its deals were a Eu150m two year note for DaimlerChrysler UK Finance at 22.5bp over Euribor and a Eu90m two year Euribor deal for Allied Irish Bank.

This week produced another example of how quickly things can go wrong for issuers.

This week produced another example of how quickly things can go wrong for issuers.

It was all change again this week in the US dollar swap market. Spreads dipped as Treasuries rallied, asset backed securities deals were swapped and mortgage hedgers came in to receive fixed.