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Covering the emerging markets remains a high risk career option for investment bankers, as illustrated by the recent departure of Dermot Mayes, Dresdner Kleinwort Wasserstein's head of emerging market debt syndicate. During his two year tenure at DrKW, Mayes bagged a respectable number of mandates, with DrKW lead managing a dozen new issues totalling $3bn or so.

Is Sallie Krawcheck, the new acceptable face of Salomon Smith Barney, about to become a Wall Street icon? It certainly looks that way. Rarely have we seen such interest in a lady Wall Street superstar - well, at least since Lehman's Elaine Garzarelli modelled fishnet stockings and other eye-catching lingerie. Because Sallie Krawcheck is attracting far more attention than Madonna, everyone is lining up to say that they knew her when she was a mere slip of a girl from Charleston, South Carolina, with a wonderful southern lilt that clearly mesmerised her early interviewers.

Amount: A$194.35m and NZ$11m Class A1 notes: A$90m

Most secondary loan market traders were hopeful that the seven jumbo LBO loans launched since July would boost activity in the secondary loan market, but so far they have been disappointed. Four of the deals have been closed and signed - the Eu1.12bn of senior and subordinated debt facilities backing EQT's buy-out of the flavours and fragrances business Haarman & Reimer (H&R), the Eu2.525bn debt facilities backing the Madison Dearborn Partners-led public to private LBO of Jefferson Smurfit Group (JSG), the Eu2.222bn of debt facilities backing Wendel Consortium's buy-out of Legrand from Schneider and the £495m of senior secured facilities supporting Charterhouse Development Capital's acquisition of Coral Eurobet.

HSBC plans to buy Household International, which has been reeling from investigations into its lending practices, for $14.2bn. HSBC has previously announced its intention to expand its consumer base in the US, where Household has most of its 50m customers. The loss of its independence will bring succour to investors in one of the financial sector's most volatile names.

Rating: Shell Petroleum Co Ltd/Shell Petroleum NV Amount: $150m

Arrangers Arab Bank, OCBC and Sumitomo Mitsui Banking Corp have launched a $60m three year revolving term loan for ECS Holdings. Banks looking to join the facility will earn a margin of 135bp over Libor.

ABN Amro (bookrunner), BBVA (bookrunner), JP Morgan (bookrunner), Crédit Agricole Indosuez (documentation agent), Dresdner Kleinwort Wasserstein and Banesto will host a meeting today (Friday) for banks invited to join the Eu1.5bn dual tranche deal for Iberdrola. In syndication, banks have been offered tickets of Eu85m for fees of 20bp, Eu50m for 15bp and Eu25m for 10bp.

Guarantor: Standard Life Bank Ltd Rating: Aa1/AA-

Amount: Eu217m Rating: Moody's/Fitch

Interest per note shall be payable at 4% per annum until November 20, 2005. From then on interest is payable on October 31 of each year and shall be linked to a basket of equities, determined as follows: