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* GMAC Canada Ltd Guarantor: General Motors Acceptance Corp

Caymadrid International has added Barclays Capital and Deutsche Bank as dealers off its $8.5 billion programme for the issuance of debt instruments.

Cesky Telekom (CT) has agreed to pay $1.48bn (Eu1.7bn) to buy out the 49% stake of subsidiary mobile operator EuroTel from Verizon and AT&T. The amount is midway between the Eu1.2bn bid by CT and the Eu2.4bn requested. The purchase will probably be financed by international borrowing in euros in the Eurobond and syndicated loans markets, and the company has received presentations in Prague on possible financing packages from banks, including global houses and those with a strong local presence.

The project finance department of Citibank in New York this week launched a $343m securitisation backed by participations in 25 project finance loans originated by Citibank globally. Lead managed by Schroder Salomon Smith Barney (SSSB), Project Securitisation Co 1 Ltd is just the third term securitisation ever to be backed solely by project finance loans, and it is unique in that the majority of its exposure is in emerging market countries.

CIBC World Markets has set up a $5 billion pass-through note programme in the name of High Income Trust Securities.

Dana Corporation, the Toledo, Ohio-based auto parts supplier, increased its dual tranche dollar/sterling issue this week to $575m and Eu200m, respectively, from an original level of around $500m equivalent. Both tranches were priced through the talk of 9.25%. The dollar notes were priced at par with a coupon of 9%, while the euro notes were priced at 99.186 on the same coupon, offering a yield of 9.125%. JP Morgan and Deutsche Bank were joint bookrunners.

* France Télécom Rating: A3/A-/A-

* General Electric Capital Corp Rating: Aaa/AAA

Morgan Stanley Capital International's (MSCI) shift to freefloat is forcing investors to adopt a global approach to emerging markets, and banks are following suit. While some of the more forward thinking emerging markets investors have had global research and portfolio management capability in place for a decade, many more have now been spurred to follow suit. This week, sellsiders Deutsche Bank and Merrill Lynch announced plans to create global emerging markets equity platforms.

Directv, the US digital satellite television provider, has sold Eu153m of shares in Thomson Multimedia, the global media company. Goldman Sachs managed the block trade, which was sold on Tuesday at a price of Eu37.2 and reduces Directv's stake in Thomson Multimedia from 12.9m shares to 8.8m.

What is the real story about Allianz's decision to put the Dresdner Kleinwort Wasserstein flotation on hold and to fold the investment bank into a new "corporates and markets" division? If you were dumb enough to believe everything on the grapevine, Bruce Wasserstein is about to jump ship and may even sue for constructive dismissal because he isn't running his own show. London investment banking supremo Tim Shacklock was assumed to be so disillusioned that he had hung a "Looking for a new home" sign above his door. In Asia, DrKW employees were said to be throwing themselves into Hong Kong harbour and Tokyo Bay, while in New York the last DrKW staffer to jump in the East River was a sissy. In London DrKW résumés were said to be raining down harder than unwanted presents from the local pigeon population.

Bulgaria BayernLB has won the mandate to arrange a Eu10m 364 day facility for First Investment Bank. The facility is guaranteed by the EIB.