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The head of the AKK, the Hungarian debt management agency, has quashed rumours that the Hungarian government will come to the international bond markets this year, despite a statement to the contrary by a ministry of finance spokesman. László Búzács, managing director at the AKK, told EuroWeek that the government had no plans to issue Eurobonds this year, but will probably return to the market in 2003.

Rating: Aaa/AAA Amount: Sfr200m (fungible with Sfr250m issue launched 27/11/01)

Copamex, the Mexican paper company, abandoned plans to tap the US high yield market this week, after seeing the dismal performance of a bond issue earlier in the week by rival Durango. Spurred on by the success of a recent deal by Mexican transport company TFM, Durango came to market this week with a $175m seven year offering that was priced at 95.673 to yield 14.75% or 1,022bp over Treasuries.

Signing of the Eu50m five year facility for Croatian Bank for Reconstruction and Development (HBOR) will take place today (Friday). The deal is oversubscribed and will be increased to Eu82.5m.

Credit Suisse First Boston has signed a ¥100 billion ($806.97 million) programme for the issue of equity-linked notes. There is no arranger or dealer panel off the programme and JPMorgan Chase is the principal paying agent.

In an attempt to minimise their dilution in the upcoming rights issue from easyJet, founder Stelios Haji-Ioannou and his family completed a £164.1m tail-swallowing exercise this week. Credit Suisse First Boston placed 47.57m easyJet shares, which started trading ex-rights on Tuesday, at 345p. Haji-Ioannou, the outgoing chairman of easyJet, and his family will use the money raised in the issue to take up part of their rights in the four for 11 rights offering which is due to close on July 8. They will therefore remain cash neutral on the rights offering but their holding in the company will be diluted. The family's stake has reduced from 57.7% to 45.8%.

Deutsche Bank showed there was still life in the German equity capital markets this week when it completed a Eu1.6bn placement in Munich Re, the German insurer. Following indications from Germany's opposition party that it may, if elected in the September elections, reintroduce the capital gains tax, Deutsche Bank took the decision on Tuesday to unwind its stake in Munich Re.

Deutsche Telekom piled more pressure on France Télécom's share price when it sold a Eu300m block of stock to end its relationship with its French rival. Goldman Sachs bought the 1.8% stake in the company on Wednesday and sold it after the close at Eu14.5, a 3% discount to the close.

The Eu350m 364 day refinancing for Danish telco TeleDanmark (TDC) was signed last Friday. Arrangers are Nordea (facility agent), Citigroup/SSSB, and Danske Bank.

Rating: A Amount: Nkr400m

Gulf Investment Corporation (GIC) has followed the lead of Gulf International Bank (GIB), with the completion of the second Middle Eastern floating rate note this month. Bookrunners Deutsche Bank and Morgan Stanley priced the $300m five year bond for the Kuwaiti bank at 40bp over three month Libor, 5bp tighter than the GIB deal that was launched at the beginning of June.

Guarantor: Japan Rating: Aa1/AA-