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Canada today reopened the yen global market with a ¥50bn five year bond, priced at 101.00 and paying a coupon of 0.7% — a yield of just 0.49% — in a deal described by one yen specialist as “a smart and brilliant trade” and by another as “an expensively priced and slow sale”.

* Canada Mortgage & Housing Corp Rating: Aa1/AAA

Carlton has signed a £

Beijing-based investment bank China International Capital Corp has named former Merrill Lynch chief Peter Clarke as its new CEO.

CDC IXIS Capital Markets has issued a ¥1 billion ($8.4 million) trade that will be issued on March 7 2001. The note will pay a final coupon of 2.5% and the bookrunner off the issue will be Salomon Smith Barney. The note will be issued off the borrowers euro7 billion debt issuance programme.

Canada Mortgage & Housing Corp (CMHC) reopened the Canadian dollar global market on Wednesday with a C$750m five year offering lead managed by Merrill Lynch and TD Securities. Announced late on Tuesday afternoon following a 50bp rate cut by the Bank of Canada, the issue was heavily oversubscribed and increased from C$500m. Around one third of the paper was sold to investors outside Canada.

Lloyds TSB Capital Markets and WestLB have launched a £150m five year revolving credit facility for Coventry Building Society

Rights from CRH's Eu1.1bn deep discounted issue began trading on Wednesday. The deal, managed by UBS Warburg and Davy Stockbrokers, will help the Irish building materials group finance the Eu453m of purchases it has approved this year but has yet to pay for. "They've got plenty in the pipeline, and clearly they believe they need the funds to continue the acquisition trail," said Robert Eason, a building materials analyst at Goodbody Stockbrokers in Dublin.

Premarketing got underway today (Wednesday) for the $75m IPO of Swiss medical devices manufacturer High Medical Technologies.

* Ford Credit Australia Ltd Rating: A2/A

DaimlerChrysler yesterday (Thursday) launched the largest ever euro transaction for the auto sector, a Eu6.5bn multi-tranche issue that overcame fears of oversupply, poor sentiment towards the industry, and the recent downgrades the company has suffered. Marketed in line with default swaps and the corporate's equivalent dollar Libor levels, the landmark deal, to be priced today (Friday), offered generous spreads over DaimlerChrysler's outstanding euro debt and generated strong demand - and was quickly bid 2bp-5bp tighter in the grey market.

DaimlerChrysler yesterday (Thursday) launched the largest ever euro transaction for the auto sector, a Eu6.5bn multi-tranche issue that overcame fears of oversupply, poor sentiment towards the industry, and the recent downgrades the company has suffered. Marketed in line with default swaps and the corporate's equivalent dollar Libor levels, the landmark deal, to be priced today (Friday), offered generous spreads over DaimlerChrysler's outstanding euro debt and generated strong demand - and was quickly bid 2bp-5bp tighter in the grey market.