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Australian Mortgage Securities (AMS), ABN Amro's in-house mortgage originator, will next week price its latest international ABS deal, offering $582m to European investors. Lead managed by ABN Amro with Deutsche Bank as co-manager the deal will be the third time AMS has tapped the European markets. It previously launched a $500m piece in July 1999 and in March 2000 it offered a $750m piece in Europe.

With only a few weeks left until the end of year holidays, issuers are looking keenly at opportunities in the Australian market. The elections this weekend do not appear to have diminished the appetite of borrowers, with two different trusts aiming to launch domestic transactions in the next two weeks and international natural resources producer BHP Billiton planning to issue its much delayed bond next week.

* General Electric Capital Corp Rating: Aaa/AAA

EuroWeek understands that a group of banks will be awarded the mandate to arrange a new debt facility for Standard Bank (London) over the next week. Standard Bank is looking for a three or five year loan.

Globals * Boeing Capital

One fifth of the market was issued in US dollar and private corporate issuers, Siemens Capital Corp and GE Capital Australia, made up the biggest share in the currency for a change. Siemens closed a $50 million two-year FRN via Barclays Capital. The trade is non callable and pays 3m $Libor +8bp. And GE Capital Australia issued a $150 million three-year trade. The majority of other issuers were private banks. At the short end HSBC Bank closed a $1 million three-month note that pays a final coupon of 11.250%. And HSBC Bank USA issued a $1.76 million three-year note that pays a final coupon of 3.000%. Freddie Mac, UBS (Jersey) and Societe General were in the four- to seven-year sector. Freddie Mac's $20 million four-year note pays interest semi annually and a final coupon of 4.100%. UBS (Jersey) closed a $30 million six-year note and Societe General issued two seven-year trades, both for $30 million. There were two trades in the 10-year sector. Deutsche Bank SPV, Earls, issued a nine-and-a-half-year note for $4.5 million due to be settled on December 3. And Lloyds TSB Bank closed a $10 million 10-year note that pays a final coupon of 4.400%.

* Woori Finance Holding Co Ltd Amount: $150m

Vattenfall has raised the debt ceiling off its Euro-MTN programme to $6 billion from $4 billion. Commerzbank, Dresdner Kleinwort Wasserstein and SEB Merchant Banking have been added as dealers, while JPMorgan has been dropped from the dealer panel.

CVC Capital Partners is seething after losing out to trade buyer Norsk Hydro in its bid to acquire VAW Aluminium AG from E.ON. CVC's bid, thought to be in the region of Eu2.3bn, was supported by a debt package of about Eu2bn from CIBC, CSFB, Deutsche Bank, Lehman and UBS Warburg.

The round of rate cuts in the US, Europe and the UK this week provided markets with a much needed boost, sending government bonds in all three regions lower and encouraging issuers to revive borrowing plans to lock into the low rates available. The Eurodollar market was dominated by a $1bn five year inaugural dollar bond from CDC IXIS and the success of the issue is expected to prompt further highly rated issuance.

Austria Mandated arrangers Dresdner Kleinwort Wasserstein, JP Morgan and WestLB have signed the Eu690m reduced credit for Connect Austria. The deal was cut from Eu1bn.

Wolters Kluwer, the Dutch publisher, took advantage of a lack of good at-the-money exposure in the market when it completed its tightly priced Eu700m convertible issue on Tuesday. As was evident from Pinault Printemps-Redoute's Eu1.4bn issue last week investors are desperate for new issues with good credit ratings and a delta of around 40-50. "Hedge funds are very short of opportunities," said Adrian Hope, head of equity-linked research at Jefferies International.