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African Development Bank has issued two ten-year Hong Kong dollar trades. Both are HK$50 million ($6.41 million) notes that pay interest quarterly and have final coupons of 6.67%. These trades are the first of the 38 notes African Development Bank has issued this year that are not denominated in yen.

Latin American bonds gained ground this week and bankers began readying deals for issuers from the region on hopes that Argentina will announce details of its much anticipated $20bn debt swap as early as this weekend. Bankers expect that the swap will be done within the next two weeks and that its success will create the opportunity for a variety of issuers to come to market.

Asia Pacific * Frontline Funding Special Purpose Company

* Helaba International Finance plc Guarantor: Landesbank Hessen-Thüringen Girozentrale

Friday, May 11 - Harry's Bar, New York Is Bob Diamond at Barclays Capital about to conduct Ram-Raid II after failing by a whisker to snatch almost the whole of CSFB's high grade fixed income group in New York? As a spectator attraction, the event drew a larger audience than the flower people at the Woodstock Festival in 1967. In the grand amphitheatre of Central Park, it looked as if Bob Diamond, a renowned streetfighter, had the upper hand and CSFB's chairman and CEO Al 'Weetabix' Wheat by the short and crinklies.

Barclays Capital has scored a devastating coup by taking Grant Kvalheim, John Winter and Peter Goettler from Deutsche Bank in New York and London.

Bank Austria has reopened the R100 million ($12.53 million) fungible trade issued in March. R50 million has been added to the original trade, bringing the total to R150 million. This tranche will be issued on May 22 and will mature in March 2011. It is a fixed-rate plain vanilla trade, paying a final coupon of 11%, as did the original tranche. The reopening also had the same sole-lead manager, Royal Bank of Canada (RBC). Ersin Toma, at Bank Austria's funding department, says: "RBC has seen demand in the retail sector for South African rand. The investors come from the UK and other European countries."

Barclays Capital has scored a devastating coup by taking Grant Kvalheim, John Winter and Peter Goettler from Deutsche Bank in New York and London.

An initiative to promote investment in bonds by UK retail clients was this week launched by Barclays Capital and UK stockbroker Winterflood Securities. The initiative has the support of the European Investment Bank, which plans to launch a bond aimed at the UK retail market.

Banque et Caisse d'Epargne de l'Etat de Luxembourg has raised the ceiling off its Euro-CP programme from $3 billion to $5 billion.