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Next week's high grade corporate bond calendar could be brimming with $1bn plus deals if today's (Friday) May employment figures do not rock the boat.

Next week's high grade corporate bond calendar could be brimming with $1bn plus deals if today's (Friday) May employment figures do not rock the boat. "Next week is perfect for new issuance, at least from a data perspective, because all the market moving news will be out of the way," said a head of US bond syndicate in New York.

Roadshows for the Eu1.4bn IPO of Aéroports de Paris (ADP) launched on Wednesday and early indications are that the IPO will be in demand. Some in the syndicate see the Calyon, Citigroup, HSBC and Morgan Stanley-led deal as being above the current turmoil in the market.

In the eye of the storm of volatility in emerging markets bonds, Russian Standard Vodka priced its $85m credit-linked note this week, in line with guidance and upsized by $35m.

Rating: Aaa/AAA/AA+

Global coordinator and bookrunners Banca Intesa and BNP Paribas have been mandated to arrange the debt supporting Bridgepoint's acquisition of perfume and cosmetics company Limoni. Bridgepoint is teaming up with Piofrancesco Borghetti, the founder and current CEO of Limoni, who is said to be reinvesting in the transaction.

Italian aerospace company Avio is returning to the loan market to raise a Eu1.5bn loan. Bookrunners JP Morgan, Lehman Brothers, Mediobanca and Banca Intesa are arranging the deal and Calyon has won the title of mandated lead arranger. The cross-over loan will be used to repay the company's existing senior debt from December 2005. The debt will also be used to redeem the outstanding 9.625% senior notes due 2013, which were issued by ASPropulsion, and all the company's floating rate payment-in-kind notes due 2015, raised through Aero Invest 1 SA.

Ex-Enron president Richard Kinder's plan to take US oil and gas pipeline operator Kinder Morgan private could lead to the second biggest buy-out in history, after Kohlberg Kravis Roberts' $25bn acquisition of RJR Nabisco in 1989. A consortium comprising several members of the company's management, backed by other investors, made its $100 a share bid on Monday.

Banks have until next week to commit to Astana Finance's $75m one year debut loan, which is being arranged by Deutsche Bank.

The biggest mover of the week was US oil and gas pipeline operator Kinder Morgan. It surged wider from about 35bp/40bp to a mid of 165bp on Tuesday after a bid to take the company private was announced.

Latin American bonds bounced back on Thursday, enjoying a reprieve from what has been a fortnight of relentless selling.