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* Commerzbank AG Rating: Aa3/AA-

* Credit Suisse Group Capital Guernsey III Ltd Guarantor: Credit Suisse Group

Dollar swap spreads closed yesterday (Thursday) around 4bp wider than last week, but off their highs as economic data released this week suggested that the chances of a 50bp or 75bp interest rate rise had fallen. Ten year swaps closed around 132bp over the 6.50% 2010 Treasury with five years at 103bp over the new 5.875% May 2005. Early in the session yesterday, 10 year swaps had traded up to 137bp bid, but then levels contracted sharply as the Treasury market rallied.

* Vattenfall Treasury AB Guarantor: Vattenfall AB

Loan professionals were unsurprised by this week's indefinite postponement of a £9.5bn debt facility for Orange. Before the proposed takeover of Orange by France Télécom, the size of the loan facility had been moving around, with the four arrangers recently announcing they would be sharing a £5bn equity bridge between them in addition to the £4.5bn senior debt destined for the market.

Commerzbank Securities has appointed Mark Tinker as global head of debt and equity strategy. He will report to Mehmet Dalman, head of Commerzbank Securities. "Tinker will have responsibility for debt and equity," Commerzbank business manager Oliver Kamm told Euroweek. "He will cover all asset classes across the globe, while exploiting our strong position in Europe and close links with Japan. He will tell clients how to get the best out of their portfolios and advise them on the best means of adjusting risk adjusted returns.

* Council of Europe Development Bank Rating: Aa1/AAA

* AMP Group Finance Services Ltd Guarantor: AMP Group Holdings Ltd

UBS Warburg last week appointed James Hollond as global head of client securitisation - the first global manager for the ABS business since the merger of UBS and SBC at the beginning of 1998. After joining from CSFB in 1992, Hollond built up and ran Warburg's global asset trading business (GATS), which includes trading and sales of FRNs, asset swaps and ABS. He is now responsible for the origination and structuring of all asset backed securities for external clients.

Weak US manufacturing data released on Thursday finally signalled that the US economy may be slowing down, reinforcing a feeling of cautious optimism among bankers and investors. Government bond markets rallied following the NAPM report and today's (Friday's) non-farm payroll data are anxiously awaited by bankers looking for further confirmation that the heat has been taken out of the US economy.

HIGH yield credit Weigh-Tronix is on track to sell Eu100m of 10 year bonds today (Friday), on revised terms and following an injection of fresh equity into the company. The deal ran into difficulties last week, as investors baulked at Weigh-Tronix's high degree of leverage. The poor reception for the deal, which was further hampered by volatile markets, led to a reduction in size from Eu135m and an increase in the coupon from 11% to 12%.