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The 10 year and longer maturity range was the most tapped this week, accommodating over $2.1bn from 104 trades. Some 72 of these deals came in yen and 21 in dollars, but there was also activity in other currencies, such as Norwegian kroner, which were used in 12 equivalent deals worth $662.33m. One of these, a trade led by Danske Bank for HVB Real Estate Bank, goes out 12 years and pays an annual coupon of 6.49%.

Triple and double-As took an even greater share of the market this week by volume, with triple-As in particular accounting for a near 50% share. Germany's highest grade issuers were the most active, closing $834.03m off 26 trades. BayernLB issued six trades, five in dollars and one Eu10m deal via Citigroup/SSSB. Morgan Stanley placed one of the borrower's dollar deals. The $100m six year trade has an annual step-up coupon starting at 4% and peaking at 5.25% from September 2007.

Rating: Aa1/AAA Amount: Nkr500m

HSBC will wrap up syndication of the £200m seven year term loan for Brindley Place today (Friday). The deal has been well received by the market and an oversubscription in syndication will lead to scale backs.

US Finance company CIT Group this week re-entered the US MTN market with $700m of 18 month floating rate notes. The issue marks the final step in CIT's efforts to regain the access to unsecured debt markets it lost under its troubled ownership by Tyco International. In February CIT was forced out of the US commercial paper and short term MTN markets - both vital sources of funding for the finance company - when it was downgraded to A- from A by Standard & Poor's (S&P) due to difficulties suffered by its parent Tyco International.

Internal documents relating to IPO allocations at Salomon Smith Barney were released by the US Committee on Financial Services this week. They showed that the bank gave preferential allocation in a number of IPOs to Bernie Ebbers and Scott Sullivan, the shamed former chief executive and chief financial officers of WorldCom. Ebbers and Sullivan were just two of a number of former WorldCom executives who have been shown to have received large allocations in IPOs from a number of companies including Travelers Property Casualty, the insurance company spun off by Citigroup in a $4bn IPO in March this year.

Internal documents relating to IPO allocations at Salomon Smith Barney were released by the US Committee on Financial Services this week. They showed that the bank gave preferential allocation in a number of IPOs to Bernie Ebbers and Scott Sullivan, the shamed former chief executive and chief financial officers of WorldCom. Ebbers and Sullivan were just two of a number of former WorldCom executives who have been shown to have received large allocations in IPOs from a number of companies including Travelers Property Casualty, the insurance company spun off by Citigroup in a $4bn IPO in March this year.

Rating: Aaa/AAA/AAA Amount: $1bn obligations foncières

The market tone continued to improve this week. The Republic of Italy led the way with a $3bn five year bond, completing its dollar benchmark issuance for the year. But, after speculation that triple-A borrowers might rush to the dollar market to take advantage of the build-up of cash during the recent turbulence, some bankers are sceptical about the size of the pipeline.

Cookson Group confounded its critics yesterday (Thursday) when it successfully completed its £277m rights issue and saw its share price shoot up 11.2%. The heavily indebted UK materials technology group launched its rights issue in late July, but the share price crashed to below the strike price as investors doubted whether the issue would succeed.

Rating: AA/AA+ Amount: Nkr500m

Mandated arrangers Dresdner Kleinwort Wasserstein, DZ Bank, Deutsche Bank, LB Kiel and Mizuho (agent) have signed banks into the Eu100m three year term loan for RZB Croatia. The deal was oversubscribed and increased on signing to Eu145m. Alpha Bank, American Express Bank, Bawag, BayernLB, Commerzbank, KBC Bank, Wachovia Bank and WGZ Bank have joined as arrangers. Banca Nazionale del Lavoro International, National Bank of Kuwait, Vseobecna Uverova banka (VUB), Magyar Külkereskedelmi Bank (MKB) and Raiffeisen-Landesbank Tirol have joined as co-arrangers. eBanka, BRE Bank, Salzburger Landes-Hypothekenbank Aktienhesellschaft, HVB Group, Israel Discount Bank of New York and Zivnostenska banka joined as lead managers.