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Rating: Aa2/AA/AAA Amount: Eu50m

Rating: AA+/AAA Amount: Eu200m Landesschatzanweisung series 413

Chaos has hit the streets of London. After the Countryside Alliance's march on Sunday and the tube strikes on Wednesday, London's MTN community is at the end of its tether. But while they suffer, Leak has received a postcard from MTNWeek's ex-editor Bija Knowles and ex-journalist James Durston. The lovebirds are on the first leg of their round-the-world tour and not surprisingly EuroWeek has received a number of freelance propositions outlining the potential of the Balinese MTN market. Nice try guys. Apparently the pair stumbled upon a sacrificial chicken ceremony in Java. Leak cannot remember such drama since the Chris Jones debacle of May 2000. The Deutsche head of desk was swept up in Fiji's political coup. But with no available planes to whisk him away, perhaps Chris should have called Barclays' Nabil Aboulzelof. He claims to have his own pilot's licence. But then Leak has seen the pictures of Nabil on CNCE's ballooning weekend...

Canada Mortgage & Housing Corp (CMHC) this week cemented its position as the leading issuer in the Canadian dollar market by increasing its 5.10% September 2007 Canada Mortgage Bond launched in June to C$6.7bn, providing the market with the largest Canadian dollar denominated instrument away from government bonds. The C$2.9bn tap, lead managed by CIBC, Deutsche Bank, Merrill Lynch, RBC and Scotia Capital, was re-offered at 14bp over the 4.5% September 2007 Canadian Government Bond, flat on where the C$3.8bn bond was trading.

Amount: £30.3m Rating: BBB (Fitch)

Compiled by Holger Kron Deutsche Bank, Frankfurt

Compiled by Holger Kron Deutsche Bank, Frankfurt

Compiled by Holger Kron Deutsche Bank, Frankfurt

Banks dominated in dollars with over 80% of the 87 trades issued, but other sectors were also active. Federal Home Loan Banks closed a $15m 10 year note and a $10m trade that settles on March 18, 2005. The latter trade pays a step-up coupon of 2.6% for the first year and then an annual coupon of 3%. Tokyo-Mitsubishi International was the bookrunner. Triple-A rated Kommunalbanken issued a $20m 10 year trade via Mizuho. The FRN pays a coupon of 7% over six month Libor and is capped at 7.5%. Mizuho also placed a $5m five year note for Swedish government agency Venantius. The trade has a semi-annual coupon of 4%. And Rio Tinto Finance issued a $4.99m note that pays interest monthly. Goldman Sachs placed more dollar trades than any other MTN house.

Volumes in the euro market rose by almost 50% to just under $3bn. JP Morgan's financial repackaged entity, JECI, issued eight of the 81 trades closed in the currency for a combined Eu500m. Seven other special purpose vehicles issued in euros. Merrill Lynch closed two trades through Argon Capital for Eu30m in total.

September has boosted yearly volumes in the EuroMTN market. Last week was the busiest for some time and issuance this week has topped that with 369 deals closed. The most tapped currency was yen with 150 issues. Nederlandse Waterschapsbank was the most active borrower in yen, closing nine trades, the largest being a ¥1.4bn deal via Citigroup /SSSB. The borrower's other trades included a ¥500m FX/step-up reverse FRN hybrid that goes out 12 years. The trade pays an annual coupon of 1.3% until September 19, 2003, and then rises every six months to a maximum of 4.38% minus six month Libor. Mizuho was the bookrunner.

Compiled by Richard Favis RBC Capital Markets, Johannesburg