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Following an end to the Iraqi conflict, attention is turning to the Turkish government's domestic policy and its ability to stick to its rigorous IMF programme. Kathryn Wells reports on whether enough stability can be created for Turkey's newly reformed banking sector to reap the benefits.

In an exclusive interview Kathryn Wells asks Aydin Karaöz, deputy undersecretary at Turkey's treasury, to explain why it was so important for the sovereign to complete as much of its funding as possible before the onset of the Iraqi war, and why he feels that Europe's retail investors are once again becoming more receptive to emerging market debt.

Amount: ¥8.3bn Legal maturity: June 2010

Guarantor: TotalFina SA Rating: Aa2/AA/AA

Emirates Bank International is set to mandate between four and six banks for a $150m loan facility within the next few days. The arranger group will be a mix of local, Japanese and European institutions.

Rating: A2/A-/BBB+ Amount: £150m

Swap spreads continued to tighten across all markets this week against a background punctuated by European and Asian holidays and characterised by low issuance levels. Although there are more holidays next week, corporate issuance is expected to pick up with several houses talking of imminent mandates. Deutsche Börse, rated Aa1/AA+, has appointed Deutsche Bank, Dresdner Kleinwort Wasserstein (DrKW) and Goldman Sachs as lead managers of a May 2008 inaugural euro benchmark bond. Launch of the Eu750m-Eu1bn bond is expected after a pan-European roadshow starting next week. Unofficial price talk is in the mid-swaps plus 15bp area.

What a shame to see former superstar investment banker Frank Quattrone being charged with chicanery and jiggery-pokery by the New York Federals. Of course Frank, through his supremely expensive lawyers, had said that he is cleaner than the first fall of snow in Montana. We did tell him never to leave sunny California, because those sourpuss Yankee varmints in the East have no sense of humour.

Rating: Aa1/AA+/AAA Amount: Eu1bn

Rating: Aaa/AAA Amount: C$300m