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The market has been on the run this week. Not least of all Royal Bank of Scotland's MTN issuer Nigel Owen who ran the London Marathon last Sunday. He managed to finish the race, but not before several comedy runners dressed up as chickens and scuba divers. One week later poor little Nigel is still hobbling around the office. And Merrill Lynch's head of Euro-MTN trading Anthony Everill has done a runner too... out of the Merrill Lynch offices and over to head up the MTN desk at ABN Amro. Rachel King left the seat empty at the start of this year. But Anthony isn't breaking any moulds by leaving the Merrill Lynch mob. The desk is a record breaker in terms of staff turnover and Leak wonders how long it will be before the whole desk is tempted away by another bank's salary. One issuer who won't be going very far is Citibank Credit Structures's Sean Murphy. He was the lucky winner of the glider flight in the raffle at the ECPA and MTNWeek awards dinner last week. But Sean has not yet stepped forward to claim his flight. He could be scared of flying. Or, perhaps more likely, Sean has been too busy choosing the colour scheme for his shirt and tie for the next conference discussion panel. Please don't choose pink and red next time...

Sole mandated lead arranger BNP Paribas this week launched the $1bn 364 day revolving credit facility for Clearstream Banking into senior syndication. Co-arrangers have been invited to join for a take and hold ticket of $35m for 1bp flat.

Banks have been invited to attend a meeting for the £335m seven year acquisition facility for Mall Fund in London next week. Some £330m of the deal will be sold to the market at 90bp over Libor. The remaining £5m, that pays 10bp, will be held back.

Did the Four Horsemen of the Apocalypse ride through the Euromarkets last week? The City of London refuse collectors reported that they found nothing that you might wish to spread over your rose bushes, but they did discover several previously unidentified rivers of blood. You certainly needed your green wellies down in the badlands of Canary Wharf, where footpads lurk on every corner and street-sellers offer a dazzling variety of freshly stolen mobile phones. Outside the headquarters of Credit Suisse First Boston, there was not only blood in the street, but dozens of unlucky bodies floating down the Thames. Professional corpse-spotters claimed that the bodies did not originate exclusively from CSFB, but had been joined by other sadly departed souls from Dresdner Kleinwort Wasserstein.

BayernLB, Commerzbank, HSBC and Danske Bank signed banks into the $75m loan facility for aerospace and defence group Meggitt on Monday. Joining the deal as co-arrangers for a take of $20m are Svenska Handelsbanken, Lloyds TSB and WestLB.

Compiled by Richard Favis, RBC Capital Markets, Johannesburg Tel: +27 11 784 5065

Mizuho Corporate Bank (Sydney) has signed a $2.5 billion Euro-MTN programme. The facility will also allow for the issuance of CDs. Standard & Poor's has assigned its triple-B long-term ratings and A-3 short-term ratings to the programme. The ratings reflect the BBB/A-3 outlook on Japan's Mizuho Corporate Bank. The outlook on the long-term rating of Mizuho Corporate Bank is negative.

Sergio Rial is moving to Bear Stearns after 18 years at ABN Amro, where he ran the wholesale client group and sat on the management board. He is to head Bear Stearns' capital markets businesses as co-head of investment banking.

The group of seven or eight VCs bidding for NationalCarParks (NCP) will be whittled down to two by next week. Citigroup/SSSB and JP Morgan are advising US marketing group Cendant on the sale of NCP, which could raise between £800m and £850m. Cendant was hoping to sell off NCP for around £1bn.

Guarantor: Nestlé SA Rating: Aaa/AAA

BNP Paribas, Deutsche Bank and JP Morgan launched the Eu2bn 1-1/2 year multi-currency revolver for first time borrower European, Aeronautic, Defence and Space Company (EADS) into syndication on Wednesday. The deal is divided into a Eu600m 364 day tranche 'A' and a Eu1.4bn five year tranche 'B'.

Croatia Erste Bank is to bid for Rijecka banka, Croatia's third biggest bank by assets, which uncovered losses of $100m at the hands of a rogue trader last month, prompting the bank's sale to the government by previous owner Bayerische Landesbank.