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Trading in dollars continues its week-on-week rise. Two Australian borrowers boosted the sector's volume. ANZ Banking Group (New Zealand) issued a $100m two year note. It pays a flat coupon of three month Libor and was led by Royal Bank of Canada Europe. National Australia Bank did a three year $150m deal. Rabobank Nederland boosted issuance from the Dutch sector. It completed two $10m trades and four $15m deals. Also active from the Netherlands were ABN Amro and ING Bank. Just three trades were from financial corporates. Centauri closed a five year $5m trade which has a zero coupon. Kommunekredit issued a 10 year $10m note via Citigroup/SSB. And Links Finance Corp issued a $40m trade that matures in 2012.

SG Acceptance issued seven of the 59 trades in the euro sector this week, but its combined volume was small as all the trades totalled just Eu95m. Its smallest trade was a four year Eu3m note that pays an annual coupon of 6%. Unibail traded a Eu35m deal that matures on August 1 2005. The note pays a coupon of 34bp over three month Euribor. SG was the bookrunner on the deal. CDC IXIS Capital Markets closed a Eu34m trade and a Eu5m note. The latter deal carries a step-up coupon of 3.875% until August 2003 and is increased every August thereafter until the note settles in 2007.

Just over $1bn was issued in yen off 116 trades this week - a substantial fall on last week's numbers. Almost $400m of this was done by SPVs. The largest deal from this issuer type was traded by UBS Warburg through its entity, Sparc II. The note was for ¥15bn and closes in May 2009. It pays a semi-annual coupon of 2.75%. Merrill Lynch was particularly active with its Apollo Spires financial repackaged vehicle. The issuer closed five notes for ¥2.5bn in total.

What is happening at Cazenove, the small, but socially perfect in every way, agency brokerage house? Friends who have recently passed by the firm's offices in Tokenhouse Yard, off Moorgate, reported a definite smell of cordite in the air. Had someone been shot or were the partners simply getting in some practice for the opening of the grouse shooting season on August 12? Well, now we know. Before you could say, "What really happened to Tom Schock and Joan Beck?", the unlucky David Verey was no longer on his high perch. This leaves David Mayhew in complete control, but the firm in some disarray.

Morgan Grenfell Private Equity took advantage of the buoyant UK gaming sector this week when it sold bookmaker Coral Group to Charterhouse Development for £860m, just three years after it bought the business for £390m from Ladbrokes. The sale of Coral is the second successful exit by a venture capitalist from a gaming business this year, the first being CVC and Cinven's flotation of William Hill in June.

Morgan Stanley provoked consternation among bankers by completing a $750m four year bond for the Lebanese sovereign last Friday without charging fees. Morgan Stanley could not be reached for comment as EuroWeek went to press, but the deal is said to roll over some promissory notes that were due to mature shortly.

ABN Amro plans to shed a further 400-500 jobs in corporate finance and equities by the end of this year, the chairman of its managing board Rijkman Groenink told a press conference in Amsterdam yesterday (Thursday). The Dutch bank will also merge the loan products group into its global financial markets business to create an integrated debt team. Elkjo Kok, who was head of loan products, becomes group finance officer. Piero Overmars becomes head of integrated debt.

Morgan Stanley provoked consternation among bankers by completing a $750m four year bond for the Lebanese sovereign last Friday without charging fees. Morgan Stanley could not be reached for comment as EuroWeek went to press, but the deal is said to roll over some promissory notes that were due to mature shortly.

After weeks of bad news, the announcement that the IMF had granted Brazil a $30bn crisis rescue package brought a glimmer of light into the market. It not only boosted Brazilian bonds and stock market, but offered a ray of hope to international markets as well. Spreads on banking sector bonds rallied and equity markets also improved. Corporate spreads generally were a touch wider but bonds of companies with Brazilian exposure, such as Telefónica and Portugal Telecom, had a field day, both credits tightening by 50bp and 35bp respectively.

Rating: Aa3/AA-/AA- Amount: £150m

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

Rating: Aaa/AAA/AAA Amount: Eu100m