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The global dollar market showed few signs of slowing down ahead of the summer break this week as over $13bn of corporate paper hit the market, demonstrating that investors remain as committed to the sector as in recent record breaking weeks. Ford Motor Credit Company and its parent Ford Motor Co combined to launch the largest deal of the week, a $7.5bn three tranche deal that was increased from $5bn as demand flooded in across the curve.

Deutsche Telekom is due to award a mandate today (Friday) or early next week in the latest jumbo loan for a European telecoms blue chip.

Deutsche Telekom is due to award a mandate today (Friday) or early next week in the latest jumbo loan for a European telecoms blue chip.

Poland There are positive early indications from the market on the Eu250m incremental facility for Polkomtel arranged by Bank Handlowy and Deutsche Bank.

EGYPT is looking to issue a $300m-$500m long-dated benchmark bond issue in early 2001. It wants to put out paper in five, seven and 10 year maturities. Merrill Lynch, its rating advisor, is in a strong position to win any mandate for a bond issue from the Egyptian sovereign, having managed a non-deal roadshow this week for the issuer.

Electrolux has added Salomon Smith Barney to the dealer group off its $1 billion Euro-MTN shelf.

Brazil * CSN Islands Corp

Erste Bank has raised its debt programme ceiling from euro4 billion ($3.74 billion) to euro7 billion. IBJ and Morgan Stanley Dean Witter have been added as dealers. Daiwa SBCM Europe and Merrill Lynch have been dropped.

* Banca Popolare di Lodi SCarl Rating: A3/A- (Moody's/Fitch)

EURONEXT could cover the costs of its merger with its net profits for the first half of 2000 alone. The merger of the Paris, Amsterdam and Brussels stock exchanges, which is scheduled to become the first integrated European exchange on September 22, appears unhindered by the infighting that has marred the iX merger.

* AIG SunAmerica Institutional Funding II Rating: Aaa/AAA

Banca Popolare di Lodi has signed a euro3.5 billion ($3.24 billion) Euro-MTN programme. Morgan Stanley Dean Witter is the arranger and it will also be the bookrunner off its inaugural, due to be announced next week. An official from the bank said: "We don't have a fixed funding plan and will issue as and when we need it." The borrower, which is a mutual bank based in northern Italy, began its two-day roadshow in London and completed it in Dublin yesterday, July 20. The dealer group off the programme comprises ABN Amro, Bear Stearns, Credit Suisse First Boston, Deutsche Bank, Dresdner Bank, Lehman Brothers, Morgan Stanley Dean Witter, Nomura, UBS Warburg and Unicredit Banca Mobiliare. The bank has a long-term rating of A- from Fitch and subordinated long-term issues are rated BBB+ by Fitch IBCA. It is the fifth Italian bank to sign in 2000.