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Gartmore Group announced this week that it was restructuring the management of its investment business following the resignation of Peter Chambers, the global chief investment officer of Gartmore Group and Gartmore Investment Management. Chambers oversaw both the fixed income and equity products, but Gartmore has decided to split these roles.

Rating: Aa1/AA- Amount: $1.5bn global bond

Rating: A- (S&P) Amount: Eu170m

Indebted Swiss chemicals group Clariant has decided against a Sfr600m capital increase, despite admitting it was considering an equity issue just two weeks ago. The company, which is struggling under Sfr3.5bn of debt and made a Sfr648m loss last year, instead replaced chief executive Reinhard Handte. Former deputy chief executive Roland Losser will replace Handte.

Rating: Aa1/AA- Amount: $1bn (fungible with $2bn issue launched 23/01/03)

After a good start to the month, Citigroup/SSSB has established a dominant position in both tables this week. The US house's deals take them over $2bn clear of Deutsche Bank in table one with over double the amount of trades. Citi has used at least seven currencies to issue notes, with over $2bn traded in dollars. But it has also been active for a number of issuers in sterling, including BBVA Global Finance, which came to market with three notes. One of these was a £50m note that matures in August next year paying 2bp over three month Libor.

Rating: Aaa/AAA Amount: C$100m

Rating: Aaa/AAA/AAA Amount: Eu150m inflation linked issue

EuroWeek understands that around eight banks will be mandated to arrange a Compass Granada's £1.4bn refinancing. Likely banks are ABN Amro, Bank of America, Barclays, BNP Paribas, Citigroup/SSSB, HSBC and Royal Bank of Scotland. "All of us will be mandated lead arrangers," said one banker, "the interesting part will be which banks clinch bookrunning roles."

Corporates continued their rush into the US dollar bond market this week in a bid to get their funding done before a war in Iraq. By the close yesterday (Thursday) more than $10bn of deals had been completed, many at the tightest end of price talk and still tightening on the break.

Mandated arranger Bank Austria Creditanstalt, BayernLB and Sumitomo will sign banks into the Eu150m five year term loan for Privredna Banka Zagreb (PBZ) on Wednesday in Zagreb. The deal has been oversubscribed up to Eu170m and the borrower will accept an increase. For more details see EuroWeek 789.

Amount: ¥14bn Rating: R&I