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Two of DLJ's investment banking managing directors, Antony Lundy and John Patterson, have gone to Deutsche Banc Alex Brown. Antony Lundy will report to the new head of energy investment banking in New York, James DeNaut. DeNaut joined in September from Morgan Stanley Dean Witter.

Credit Suisse First Boston and UBS Warburg tied up the IPO of low cost airline easyJet in style on Wednesday, with the shares rising an impressive 11% on their first day on the LSE. In times when new issues either rise or fall excessively in the first few days of trading, the £195m issue appears to have been cannily managed, and the success may justify the company's decision not to issue shares to retail investors.

Czech Republic ABN Amro and Deutsche Bank have the mandate to arrange a seven year Eu75m financing for the City of Prague. The deal pays 32.5bp over Libor on the first four years and 35bp in the last three.

Brazil * Banco Bradesco SA

* Bulgari SpA Amount: Eu100m

Life was not much more exciting in the euro market than in dollars. Trading has been restricted to a minimum and there has been little issuance in the bond market. There were some payers yesterday (Thursday) as the Bund contract sold off below 106.01. The front end of the euro curve was unchanged, but the 10 year versus 30 year spread saw most business and flattened a touch to 29bp. The 20 year versus 30 year curve is now flat, also a basis point tighter. The ECB left rates unchanged, which, like the Fed lack of action this week, caused no surprise and left the market unmoved.

The Greek government this week launched the country’s first securitisation, with a blowout Eu740m deal backed by the dividends it will earn from a state bank over the next 10 years.

Norwegian company Fast Search & Transfer announced on Wednesday it has rescheduled its IPO, expected to raise between Eu400m and Eu500m, to next year. The company, which provides an internet search engine and data transfer services, was due to list on the Oslo Stock Exchange and Nasdaq. The deal was expected to go ahead this month, but the management decided not to launch it into an unsteady market. "We were ready to go," CEO Rob Fisher told EuroWeek, "but the timing was such that volatility, and uncertainty surrounding the US presidential elections, put us beyond the critical path for getting it done before the Christmas holiday period." The company will probably try to come back to the market in the first quarter of 2001.

The Greek government this week launched the country’s first securitisation, with a blowout Eu740m deal backed by the dividends it will earn from a state bank over the next 10 years.

A $750m 10 year global bond issue by GECC benefited from a flight to quality in the US corporate bond market this week as US equity markets continued to gyrate, the US election dragged on, bank debt gapped out on bad loan news and telecom spreads deteriorated further. The 6.875% 2010 paper, led by Merrill Lynch and Lehman Brothers, attracted a $1bn order book within hours of launch as a broader than usual group of investors looked to grab a relatively rare opportunity to buy GECC 10 year paper.

Hot on the heels of its blowout $6bn three year Reference note issued on Tuesday, Freddie Mac is expected to announce that it has mandated ABN Amro, Morgan Stanley Dean Witter and Salomon Smith Barney for its second EuReference note. The market is expecting a Eu5bn five year issue, with price talk at 8bp-10bp below swaps.

Nederlandse Gasunie plans to sign a euro1 billion ($856.1 million) multi-currency CP facility by the end of this week. The arranger is ING Barings/BBL. The Dutch gas supplier already has a Fls1 billion ($388.5 million) domestic CP programme, which it will cancel, and a cancelled $1 billion Euro-CP shelf. Gasunie does not expect to use the full limit of the programme this coming year. Jan Bruintjes, treasury operations at Gasunie, says: "With the new multi-currency CP programme we have more dealers than were on our domestic programme, which means we can be more competitive and hopefully get a sharper price." The dealers are BNP Paribas, Dresdner Bank, Fortis Bank, Goldman Sachs and the arranger.