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  • Malaysia International Shipping Corp has mandated a group of 10 or 11 banks to arrange a large US dollar bridge facility.
  • At the end of May this year, Manfred Schepers ended a 17 year career with UBS Warburg. His final position was head of European fixed income and global head of debt capital markets.
  • The $1.5bn dual tranche loan for Man Group has been oversubscribed to just shy of $2bn. The borrower is talking about an increase, but there will be some scaling back for lenders. The deal is likely to be signed in a week's time.
  • Compiled by Richard Favis
  • After dipping last week, dollar volumes rose sharply this week. More than $3.57bn was issued from 196 trades, a 30% share of the market.
  • After a fortnight of subdued volumes, issuance in the EuroMTN market picked up markedly this week. More than $12.2bn was brought to the market from 522 trades, up nearly $3bn and over 70 trades on the previous seven days.
  • Over 49% of market volumes were issued in euros this week. More than $5bn was traded, an increase of more than $1.2bn on last week's figure. However the number of trades was close to last week - 98 issues were made, as opposed to 96 previously.
  • Interest rates are expected to be cut by at least 25bp by the Federal Open Market Committee next Wednesday. Bankers suggest that some primary activity in the dollar market could emerge as five and 10 year dollars are well bid.
  • Citigroup's co-head of European credit and head of securitisation, Mark Watson, started off as a lowly graduate trainee at Salomon Brothers in 1985 at exactly the same time as Michael Lewis, author of Liar's Poker. "In fact Lewis was sitting opposite me at my first interview with the firm," remembers Watson. "We were in the same classes, learning about the same stuff, learning off the same people."
  • Citigroup's co-head of European credit and head of securitisation, Mark Watson, started off as a lowly graduate trainee at Salomon Brothers in 1985 at exactly the same time as Michael Lewis, author of Liar's Poker. "In fact Lewis was sitting opposite me at my first interview with the firm," remembers Watson. "We were in the same classes, learning about the same stuff, learning off the same people."
  • Martin Egan, global head of syndicate at BNP Paribas, is respected and liked by all involved in capital markets, whether it be those who work with him, competitors on the Street or the borrower community. He is acknowledged as one of the most honest and straightforward bankers in the business, an attribute especially appreciated by issuers who know he means exactly what he says.
  • Matt Carter underwent his milk round interviews a couple of weeks after the 1987 market crash and was hired as a graduate trainee at Continental Illinois, where after a few rotations, he found himself on the trading floor in loan sales. In those days, for the junior person on the desk, that consisted of trawling through the Euromoney directory to cold-call clients around the world.