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Congratulations to Morgan Stanley's Mary Meeker who had the cases brought against her by grumpy Stanley customers thrown out of court. Life has not exactly been a bed of roses for the homely Mary and the last thing she needed was a lot of moaning minnies saying that she had led them up the garden path. As we have said before, Mary's only real fault was that she fell in love with her own recommendations, and who is to say that every lady shouldn't be allowed her own flight of fancy? If Amazon.com had gone belly up this year Mary might have had to walk the plank, but Amazon is still there hanging on for dear life and some of Mary's other favourites, including Priceline and Lastminute.com, are refusing to be wheeled away to the knacker's yard. They might even make it. For Mary's sake let's all keep our fingers crossed.

Deutsche Telekom (DT) sought to give further assurance to investors this week by outlining its future debt reduction strategies and predicting how much DT stock could be expected to come on to the market as lock-ups expire on 590m DT shares next week. In conjunction with the publishing of its first half results this week, DT has attempted to clarify its future position. And to stop the speculation over changes both inside and outside the company, DT has made public its strategies.

Deutsche Telekom (DT) sought to give further assurance to investors this week by outlining its future debt reduction strategies and predicting how much DT stock could be expected to come on to the market as lock-ups expire on 590m DT shares next week. In conjunction with the publishing of its first half results this week, DT has attempted to clarify its future position. And to stop the speculation over changes both inside and outside the company, DT has made public its strategies.

Bulgaria BayernLB will close syndication of the Eu10m 364 day facility for First Investment Bank next week the EIB, carries a margin of 350bp over Euribor.

The European Investment Bank this week established itself as one of the premier international names in the global dollar arena by providing investors with a $3bn five year bond, the bank's third dollar global this year and its largest dollar issue by a margin of $1bn. At the same time, the EIB achieved its goal of increased penetration into the US investor base, placing around one-third of the paper in the States.

European Investment Bank signed a Skr30 billion ($2.89 billion) domestic bond issuance programme via ABN Amro on August 22. The dealer panel is the arranger, Danske Bank, Handelsbanken Trading, Nordea, Schroder Salomon Smith Barney, SEB and Swedbank. The issuer plans to launch three maturities under the programme, building each up to around Skr10 billion.

* Bayerische Handelsbank AG Rating: A+

The euro primary market is set to catch fire in September, with investors and borrowers returning from their summer holidays facing a frenzy of primary market activity, which, according to debt capital markets officials, could see over Eu25bn of corporate issuance hit the market.

The euro primary market is set to catch fire in September, with investors and borrowers returning from their summer holidays facing a frenzy of primary market activity, which, according to debt capital markets officials, could see over Eu25bn of corporate issuance hit the market.

Buhrmann, the Dutch office supplies company, has been cleared of misinforming investors at the time of its Eu690m secondary offering in March. Buhrmann had faced criticism when it stunned investors in April by announcing that earnings per share for the first three months of 2001 would be 20% lower than the year before.

The European LBO market is bracing itself for an unprecedented number of sponsor driven transactions that are due to hit syndicate desks over the next four weeks.

The European LBO market is bracing itself for an unprecedented number of sponsor driven transactions that are due to hit syndicate desks over the next four weeks.