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Argentina Dresdner Kleinwort Wasserstein and JP Morgan have completed syndication of the $156.5m yen equivalent term loan for Perez Companc.

The festive period has not been ignored by anyone. Moody's rating agency, members of which are rarely seen outside where event risk (of being mauled by their latest downgradee) is rife, has been sending cocktail invitations out to all its editorial contacts. The now inappropriately named Moody's has done well to avoid the dealing community - Leak's last memory of a lot of dealers drinking and dancing (at the MTNWeek awards) is one that those involved have been trying to forget since March. And it seems everyone in the market is getting into the gift-giving spirit: Leak has already received party invitations from Kommunalbanken, Moody's and had an insight of what's to come from Islandsbanki next year. So we thought we would return the favours by holding an e-competition. A bottle of wine is up for grabs if you can name the trader who said the following line... and what he is talking about. "It was a soul-searching exercise. It reminded me very much of a firm starting up a new MTN desk. And we should all see it as joining a brand new team." Answers by e-mail.

Most of the market will be enchanted at the moment by a young bespectacled boy who carries a broom, wears a big baggy cloak and promises eternal life to anyone who can find his magic pebble. No, he is not an Islandsbanki-FBA cleaner who got dragged into the shark-eating, brennivin-downing session by mistake - he will have to wait until February next year for Thorablot 2: The dealer's revenge - he is Harry Potter the boy wizard. And Morgan Stanley has dashed the hopes of hundreds of kids hoping to see the blockbuster film by buying up loads of tickets for their key investors' children instead. Unfortunately for them, MTNers Klaus Svendsen and Richard Tynan, the oldest kids on the Morgan Stanley block, will have to queue up with the normal people. Potter-mania is the last thing on Deborah Loades' mind at the moment though. She is getting married on Saturday, and her philosopher's stone weighs about 35 carats. It can't promise immortality, but it will make each second that she shows it off feel like a lifetime to everyone else. Dresdner's Henry Nevstad is looking forward to a Christmas break in Norway. His three-month old daughter has been as good as gold apparently, and whatever she asks for she will get. Let's hope the end-of-year bonus can cover it, Henry. Philip Garrett, aka Dougal, has left Deutsche's ECP desk.

LGT Bank in Liechtenstein (LGT) signed a $1 billion Euro-MTN programme on November 8 and UBS Warburg has scooped the arrangership. LGT Finance has also been appointed as an issuer off the programme. It is the fourth Euro-MTN programme UBS Warburg has arranged this year. The dealer panel off LGT's programme consists of the arranger, the issuer, Credit Suisse First Boston and Deutsche Bank.

The Republic of Lebanon has tapped its $600m 9.5% 2004 bond for $250 via Morgan Stanley and Salomon Smith Barney, in what the republic expects to be its last foray into the Euromarkets this year. The issue came at a spread of 675bp over Treasuries. "According to our parliamentary allocation, we can still issue up to $700m more this year," said Jihad Azour, head of new issues at the Lebanese treasury.

Legal & General (L&G) re-opened the sterling convertible market this week with a £525m deal to finance the internal transfer of its fund management business. Goldman Sachs and UBS Warburg lead managed the deal,which is the largest convertible ever in the sterling markets. The largest sterling equity linked deal is the £686m exchangeable into Orange which British Aerospace launched in June 1999.

Diners Card Finance has signed a euro2 billion ($1.77 billion) asset-backed MTN shelf. Salomon Smith Barney is the arranger and sole dealer. Rathgar Capital Corp has signed an asset-backed Euro-CP and an asset-backed Euro-MTN facility. Merrill Lynch is arranger off both facilities. The Euro-CP dealers are the arranger, Barclays Capital, Credit Suisse First Boston, Deutsche Bank, JPMorgan, Lehman Brothers and Morgan Stanley. The same dealers have been added to the Euro-MTN shelf, but Goldman Sachs and Mizuho also join them. The programme sizes were not confirmed at time of publication.

Three new issuers are rumoured to be coming to the MTN market in the near future. Scania is due to sign a euro1.5 billion ($1.32 billion) Euro-MTN programme; Shinsei Bank is set to complete a $5 billion MTN programme; TCB Card is putting the finishing touches to a ¥20 billion ($164.53 million) MTN programme. And Corporacion Durango is due to sign a $100 million Euro-CP facility.

Competitors have suggested that Merrill Lynch is reorganising itself in a desperate effort to prevent itself from losing out to rivals in Asia. Lou Wolfe, head of investment banking for Asia Pacific and Australasia, and Steve Theobald, head of financial institutions group (FIG), have left the bank, along with other members of the FIG team.

* It has emerged that M&A dealmaker Bruce Wasserstein was in discussions with Lazard for many years before finally tying his future to the firm late last week. Lazard announced on Friday November 16 that Wasserstein had been appointed to replace Michel David-Weill as head, while Dresdner Kleinwort Wasserstein confirmed his departure as executive chairman.

Kuwait EuroWeek hears that the one-stop syndication for the refinancing of the international debt facilities for Equate Petrochemical Co KSC is on the verge of being signed. This is a fast and positive result for the Middle Eastern loan market and is likely to provide the momentum for a number of other deals to get underway in the last weeks of the year.

Croatia The Republic of Croatia is preparing to send out RFPs next week for an up to Eu500m seven year Eurobond it hopes to launch in the first quarter of next year, according to Hrvoje Radovanic, assistant to the Croatian minister of finance.