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Guarantor: Ambac Assurance

"It must have been the biggest bath in the world," said Euromoney in the 1970s, "to have fitted Bob Genillard, Evan Galbraith and Siegmund Warburg all in." For, as legend goes, they were all inventors of the FRN. The idea came to them while sitting in the bath. The rising water gave them the concept of the floating rate note.

A graduate of St John's College, Cambridge, Robert Gray joined Morgan Guaranty as a management trainee in 1971, moving to New York in 1975. In 1982, he returned to London where he managed Morgan's global syndicated loans business. But it was as head of its London syndicate, between February 1984 and June 1986, that Gray made his mark, helping to establish Morgan as a strong player in investment banking and hence challenging what it viewed as the outdated restrictions of the Glass-Steagall laws in the US. Gray says Morgan continually pushed into new territories. They included innovations such as flip flops as well as variations on established themes - such as taking the Deutschmark curve out to 15 years (unimaginably long, for the Germany of the 1980s) for RJ Reynolds.

Robert Rooney, head of fixed income sales at Morgan Stanley in London, describes himself as the recipient of lucky timing during his career, but he has been involved in too many outstanding deals to avoid genuine praise from his peers.

Guarantor: Rodamco Europe NV

Moscow Narodny Bank (MNB) signed a $100m two year bullet loan on Tuesday led by mandated lead arrangers Bayerische Hypo- und Vereinsbank and HSH Nordbank, which were joined before syndication by Bank of China and Natexis Banques Populaires.

Mandated lead arrangers Barclays Capital, Bank of Tokyo-Mitsubishi, Commerzbank, HSBC, JP Morgan and Royal Bank of Scotland have signed a $1bn loan for Scottish Power. The loan is split into a one year and five year tranche. Originally the borrower planned to raise $800m, but after an oversubscription opted to take an increase.

Scottish Power became the first ever corporate to issue a perpetual convertible bond on Tuesday, when it launched a $700m issue via UBS.

Scottish Power became the first ever corporate to issue a perpetual convertible bond on Tuesday, when it launched a $700m issue via UBS.

When Sean Park started work at CCF's Champs Elysées offices in Paris in 1990, he only intended to be there for a couple of years. The plan was that he would gain some European experience and then head back to North America and start his career proper in New York.

Amount: A$200.5m

It was during his 16 years on Wall Street, most notably the 11 years from 1988 to 1999 at Merrill Lynch, that Seth Waugh made his mark.