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The weighting of South Korea in global emerging market equity funds has almost doubled since the beginning of 2001, according to eMergingPortfolio.com Fund Research data, making it one of the most money magnetic countries in the emerging market universe. For the 11th consecutive month, Korea has had the highest average percentage allocation of all Asian countries within the global emerging market (GEM) equity funds that are being tracked, representing a total of $41bn in assets.

Guarantor: Federal Republic of Germany Rating: Aaa/AAA/AAA

The $100m three year bullet facility for United Bank of Kuwait (UBK) has been launched into the market by lead arrangers HSBC and Commerzbank which are fully underwriting the deal. The loan is for general corporate purposes and pays a margin of 35bp over Libor. Invitations have been sent out and the response from the market has been favorable.

Rating: Aa2/AA Amount: Eu1bn Landesschatzanweisung series 138

Parex Bank's Eu40m one year bullet facility has been launched into general syndication by joint arrangers ING and Standard Bank. The credit pays a margin of 100bp over Libor and has a one year term out option.

Rating: Aa1/AAA (Moody's/Fitch) Amount: Sfr200m

Amount: Eu100m Maturity: May 6, 2005

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.