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Australia Deutsche Bank and UBS Warburg completed a small domestic placement for Investa Property Group on Tuesday. Investa sold 21.67m new units at A$1.87, a negligible discount to Monday's close of A$1.91 per share. The deal raised A$40.5m before fees.

Nomura Research Institute yesterday (Thursday) cancelled plans to sell as much as $1.4bn worth of shares in a planned Tokyo Stock Exchange IPO. Last week, bankers working on the deal told EuroWeek that they were forging ahead with the offer, but were consulting the issuer and investors on whether the deal should proceed in the aftermath of the US attacks.

With the effects of the terrorist attack still at the forefront of people's minds, the Republic of the Philippines has started to look with renewed interest at the yen denominated bond market. The Department of Finance (DoF) has asked a number of Japanese and international houses to present yen denominated funding proposals in either the Samurai or yen structured bond markets over the next seven days.

Philippine Long Distance Telephone (PLDT) this week announced the withdrawal of its cash tender offer for its two outstanding bond issues and a new $250m, 10 year 144A bond issue. "Due to dislocations in the financial markets resulting from recent terrorist incidents in the US, [PLDT] is withdrawing its cash tender offer to purchase any and all of its outstanding 8.5% notes due 2003 and 10.625% notes due 2004," said the telecoms company.

Macquarie Securitisation Ltd launched its $1.2bn global mortgage backed securitisation from its PUMA programme in Australia yesterday (Thursday) - its first overseas launch from the programme for two years. Lead managed by Deutsche Bank, the transaction was originally set for pricing last week but was delayed following the terrorist attacks in the US. It is now among the first securitisations to be launched in the aftermath.

Standard Chartered officially delayed its planned Hong Kong IPO and equity offering yesterday (Thursday). The UK-based bank was due to list in October and wanted to sell around £500m of new shares, up to 5% of its existing share capital. In a statement, the bank said it "remains fully committed to Hong Kong and to proceeding with the listing when market conditions are suitable". Since the US terror attacks, Hong Kong's Hang Seng Index has fallen around 10%.

Mozambique Syndication of the $150m 10 year Coface covered facility for the $600m financing for the second phase of the Mozal project has been closed. Arrangers of the deal ABN Amro, BNP Paribas (bookrunner) and Deutsche Bank signed transfer certificates for the transaction last Friday.

Asia Pacific * Emerging Asia CBO Limited

Anglo Irish Bank Corp has added Credit Suisse First Boston as a dealer off its euro750 million ($695.73 million) Euro-CP programme. The programme was set up in 1999.

Australia Co-ordinating arrangers ABN Amro, ANZ Investment Bank, Royal Bank of Scotland and SG have closed the A$730m dual tranche facility for Asia Pacific Transport Finance.

* New South Wales Treasury Corp Guarantor: The Crown in right of New South Wales

With the horrors of last week still imprinted on our minds, it is difficult to maintain a sense of perspective and, at the same time, proper respect for the thousands of innocent civilians who died or were severely injured. The effect seems to have reached every corner of the financial world. If it wasn't a friend who died it was the friend of a colleague. Last week our editors decided to withdraw these columns. That was totally the right decision. The columns are unreservedly designed to be slightly frivolous and, hopefully, to amuse. Last week was not a time for frivolity. But as at the Windmill Theatre in London during the Second World War, the show must go on. London's Eastenders survived the Blitz and then V2 rockets and rebuilt the City from piles of rubble. New Yorkers with their indomitable spirits - every one of those firemen should receive a medal personally from President Bush - will do the same. Wall Streeters, facing the devastation of the downtown financial district, will need all of their famous resolve to steer safely through a period when their own grief is intertwined with rapidly deteriorating business conditions.