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Market report Compiled by Gerard Perrignon, RBC DS Global Markets, London

JP Morgan kicked off roadshows for IX Europe's £90-£114m IPO on Monday, with bankers claiming core support from UK small and mid-cap funds despite the difficult conditions for technology related issues. Books for the LSE listing close on November 1, following roadshows in the UK, continental Europe and the US. Trading begins on November 8.

Though the Webster's conference may not have attracted the classiest of sponsors (step forward Sanwa and Bear Stearns) it managed to pull in issuers keen on bankers' hospitality. ABN Amro apparently planned an evening at ultra-trendy Quo Vadis restaurant for all its supposedly loyal clients. But not enough of them replied and the party had to be axed. The venue was soon full, though, as the next night CSFB hosted its do at the Soho joint. CSFB's Simon Hill and Julie Edinburgh behaved themselves better than the last lot of MTNers allowed loose in Quo Vadis, which used to show art from the bad boy of Brit Art, Damien Hirst. Who remembers the trader who managed to nick a pickled shark from the eatery back in 1998? And the CSFB desk had better behave. Their ex-boss, Matt Carter, joined them in Canary Wharf on Monday from DLJ. Matt's now running emerging markets syndicate but sits right behind Julie and Simon and the other DLJ arrival on the MTN desk, Luca Favero. Seen at Webster's was Pieter van Dyck who is onto his third job in under a year. Since leaving ABN he has quit DCM-Online and works for Daily Capital. Also there was fellow conference junkie, Keith Phair, ex-head of HSBC, who now gives wise advice to Marconi.

The first stage of syndication was launched this week on international debt tranches of the largest telecoms project financing seen in the Middle East and African region, the Eu1bn equivalent loan facilities for Médi Télécom arranged by ABN Amro, BMCE, International Finance Corporation (IFC) and SG Investment Banking. The multi-sourced debt programme compromises various elements. The export credit agency (ECA) portion of the deal consists of two ECA facilities, backed by Swedish agency EKN and the Spanish agency CESE, in support of equipment procurement from Sweden, Spain and Portugal, totaling Eu200m.

* Lehman Brothers has recruited a team of eight in German investment banking from DLJ. The team includes two managing directors, Rolf Gerner and Florian Meister, who together will co-head German investment banking. Six directors and associates also join.

Turkey Ishbank and Telecom Italia are looking for around $2.5bn to finance their $2.25bn purchase of Turkey's third GSM licence. The two formed a consortium to take the licence earlier this year.

Denmark Genmab had a difficult first week of trading following the completion of its Kr1.4bn IPO last week The stock listed on Wednesday and closed down more than 10% at Kr235 from an issue price of Kr260. Yesterday (Thursday) it recovered to close at Kr255 - still below issue price.

Market report: Compiled by Gerard Perignon, RBC DS Global Markets, London Tel: +44 20 7653 4557

EGYPT The Arab Republic of Egypt sent out requests for proposal this week to 15 banks for its debut international bond issue. It is looking for $500m in maturities of between five and 10 years.

Nordic Baltic Holding (NBH) has bought the Norwegian Government Bank Investment Fund's (GBIF) 34.64% stake in Norway's second largest bank, Christiania, subject to regulatory approval. Nordic Baltic Holding is the parent firm of MeritaNordbanken plc, which owns Unibank, Nordbanken and Merita, and of Tryg-Baltica, owner of Tryg-Baltica Insurance and Vesta.