MTN Leak

Though many market participants are either on holiday or getting ready for their holiday, others are only just settling in.

It has not been long since the MTN market lost a non-Australian seasoned funding official at an Australian bank, but already another of this rare breed is following suit.

Jefferies pulled out all the stops this week in client entertainment with its glitzy party just off Piccadilly, to preview the Royal Academy’s Summer Exhibition.

Smit has finally landed at BNP Paribas, and is once again an Englishman at a French bank.

Leak had the privilege to have lunch with Ben Lamberg, the Crédit Agricole don of MTNs, this week, and what a privilege it was.

This week, the Greek football team went the same way as the country’s finances and crashed, proving that a bet on their World Cup success was about as safe as a bet on their bonds.

Leak has been impressed by the strong response to its recent campaign — "Get Julie Pertuiset to Canary Wharf!".

Leak popped into Covent Garden this week to see a long lost friend, Julie Pertuiset, for lunch and meet Edward Boulderstone, who’s working with her on the MTN desk. "Covent Garden?!" we hear you cry. "Has she left banking?" Nope, she’s working at Conduit Capital Markets, and besides she barely ventures into banker-dominated parts of the city anyway. Leak was, for perhaps the first time in its gossip-collecting history, silenced as Julie told us her deepest darkest secret.

It’s been another slow week on the Leak Table as enquiries supposedly go through the roof but few trades on the screen appear to prove it to us. As the tumbleweeds blew through the desert that is the MTN primary placement market, Leak wondered how to pass the time.

The MTN market’s own Jason Bourne has emerged from deep cover.

Ladies and Gentlemen, last night we brought you the MTN awards at EuroWeek’s Banks and Borrowers dinner, and Leak heartily congratulates the winners. But of course there were the awards that Leak couldn’t announce on the night, and in truth, these are the ones that really count.

While newspapers looked on in glee at the Cameron-Clegg union, Leak saw parallels in a "bromance" set to blossom in Canary Wharf.