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Rating: Aaa/AAA/AAA Amount: Sfr100m (fungible with Sfr750m issue launched 04/01/02)

Rating: Aa1/AAA/AAA Amount: Eu1bn

Rating: AAA/AAA (S&P/Fitch) Amount: Sfr300m

Amount: $250m Legal maturity: December 1, 2012

Just when you thought it was safe to return to the MTN market yet more jollies emerge. The boys from Rabobank are whisking off the cream of the MTN crop to an unnamed destination in Holland. Apparently they have been told to wear a pair of trainers, a pair of shorts and a smile. Leak suspects Rabobank's guests are jogging their way to Amsterdam and we think it will give a whole new meaning to high spreads. Caisse Nationale des Caisses d'Epargne have chosen a decidedly more grown up affair. They are taking a few of the market's players on a balloon ride over the French countryside. UBS Warburg's Gavin Eddy has already accepted his invite. But Leak is concerned; the last time Gavin was up in the air he was trying his luck with Hollywood's Liz Hurley. Vanessa Paradis - you have been warned. Oh... and HSBC's IPA boys are having a casino evening at the bank later this month. Leak hopes to see you all there.

Legal & General jumped the queue of insurers looking to raise new capital when it revealed plans for a £786m rights issue on Tuesday, with Dresdner Kleinwort Wasserstein and UBS Warburg as joint underwriters. The 13-for-50 offering was announced on Tuesday at a 46% discount of 60p, and will help the UK's third largest quoted life assurer continue to write new policies as its rivals are forced to slow down due to capital constraints.

Amount: A$400m Legal maturity: September 25, 2034

This week the euro market saw exactly the same number of trades (41) as last week and German borrowers issued $671.06m of the total $1.68bn in euros. Landesbank Baden-Württemberg's Eu239m note, led by Lehman Brothers, was the largest issued this week. The note pays a coupon of 5.5bp over six month Euribor and matures in September 2009. HVB Real Estate Bank issued three notes for Eu135m. The largest of these was a Eu75m three year note led by HSBC. The coupon is 21bp over three month Euribor.

Just 241 trades went through in the EuroMTN market this week and 81 of those came in yen. This marked a fall on last week's levels with both the number of trades and volumes down. Just $877.94m has been issued since September 4, compared to $1.3bn for the previous week. EuroWeek reported last week on the strength on the UK building society sector; now Ireland is picking up speed: EBS Building Society closed the largest yen deal of the week - a ¥20bn four year trade.

Bombardier, the Canadian aircraft and rail manufacturer, has doubled the size of its EuroCP programme less than seven months after entering the market. The shelf, which was signed in February via Citigroup/SSSB, now totals Eu1bn. Most borrowers only update their programmes once a year, so Bombardier's announcement is unusual. Bartlomiej Muszynski, treasurer at Bombardier, told EuroWeek at the time of the programme's signing: "Our funding target this year depends on our liquidity, but we will not reach the Eu500m limit as we have no need for so much money."

Commentary JP Morgan continues to top table two and HSBC has overtaken Citigroup/SSSB to move into second spot. JP Morgan was prominent in the dollar business over the last seven days, but it was also active in many other currencies. The US bank placed two Hong Kong dollar deals for Royal Bank of Scotland and a HK$100m five year trade for Westpac Banking Corp. JP Morgan's biggest sterling deal was a £20m note for ING Verzekeringen that settles on September 9, 2004. HSBC's climb up table two is largely due to its high proportion of self-led deals, but it did place bonds for other issuers. These included a $10.26m range issue for Crédit Commercial de France and a Eu10.24m four year trade for Caisse Nationale des Caisses d'Epargne et de Prévoyance. UBS Warburg leapfrogged Barclays Capital into eighth place in table one as a result of a Sfr100m trade for Münchener Hypothekenbank. The note has an issue price of 100.07 plus 47 days' accrued interest and is fungible one day after the payment date with a Sfr150m note launched on December 12, 2001. BNP Paribas re-enters the top 10 in table one. The French house's biggest trade was a Eu200m trade for RWE. It was increased from its original size of Eu150m.

Czech Republic Moody's this week published its annual ratings report on the Czech Republic, which the agency rates Baa1 with a stable outlook. Moody's said that the rating reflected: "A modest external debt, a trade and current account deficit that has been contained and sizeable foreign direct investment that easily covers any trade imbalances."