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EuroMTN trading picked up this week after a fall in issuance at the beginning of November. Less than 300 trades were closed last week, but 350 transactions were issued in the last seven days. Yen picked up over a 35% share of the market with US borrowers closing in the biggest volume. MBIA Global Funding's ¥15bn trade was one of the biggest yen issues of the week. The note carries a two year tenor and a coupon of 4bp over three month Libor. Deutsche Bank was the lead manager. GMAC (Australia) was another heavyweight, closing a ¥6bn two year trade. Deutsche Bank was again the bookrunner and the note has a semi-annual coupon of 3.37%.

Compiled by Richard Favis RBC Capital Markets

Rating: Ba1 Amount: $125m

Amount: Eu73.4m Rating: Fitch

Rating: Aa3/AA Amount: C$75m (fungible with C$500m issue launched 21/08/02)

The $300m refinancing for Qatar Fuel Additives Company (Qafac) has been signed and the bank list released. Mandated lead arrangers are Crédit Lyonnais (international bookrunner), Gulf International Bank (regional bookrunner), National Bank of Dubai, Qatar National Bank and Standard Chartered.

Rating: A1/A+/AA- Amount: C$200m

Rating: Aa2/AA Amount: Eu855.415m

Mandated lead arrangers Bank of America, BNP Paribas, HSBC (joint bookrunner and documentation agent), Royal Bank of Scotland (joint bookrunner and facility agent), and WestLB will close syndication of the £1bn loan for RMC Group plc next week. Tickets on offer to the market were £30m for 22.5bp, £20m for 17.5bp and £10m for 12.5bp.

The $450m 5-1/2 year facility for Gazprom has been launched into senior syndication. Around 10 banks have been invited into the deal at this level, though ticket sizes and fees have not yet been released. They have around two weeks to respond.

Covering the emerging markets remains a high risk career option for investment bankers, as illustrated by the recent departure of Dermot Mayes, Dresdner Kleinwort Wasserstein's head of emerging market debt syndicate. During his two year tenure at DrKW, Mayes bagged a respectable number of mandates, with DrKW lead managing a dozen new issues totalling $3bn or so.

Is Sallie Krawcheck, the new acceptable face of Salomon Smith Barney, about to become a Wall Street icon? It certainly looks that way. Rarely have we seen such interest in a lady Wall Street superstar - well, at least since Lehman's Elaine Garzarelli modelled fishnet stockings and other eye-catching lingerie. Because Sallie Krawcheck is attracting far more attention than Madonna, everyone is lining up to say that they knew her when she was a mere slip of a girl from Charleston, South Carolina, with a wonderful southern lilt that clearly mesmerised her early interviewers.