MTN Leak

the MTN-ers and CP players enjoy the holiday season and become the Michael Palins of their day, one man has set the bar for all other summer tales.

Though many are concerned that summer may already be upon us and the markets are slowing down, some MTN market participants have had to deal with new issues, as there has been a flurry this week.

In August 1997 a grieving nation took solace among themselves after the death of Lady Di. The following spring there was a sudden burst of overtime for midwives up and down the country.

The holiday season is here, and Leak is again calling on all MTNers to spill the beans on their (and, of course their colleagues’) holiday experiences.

Ben Lamberg has proven that he’s bad and dangerous, as he this week topped the charts, and was named head of Calyon’s newly amalgamated MTN team.

The luminaries of the capital markets attended Euromoney’s Global Borrowers & Investors Forum this week at London’s Park Lane, and Leak is pleased to report that some MTN dealers were also in attendance. However, it was unclear whether they were more interested in the speeches or skiving off for long lunches at next-door Nobu. And did we spot one, furtively heading off to the sunny park next door?

A problem aired is a problem shared. Or is that a trade aired, is a trade shared? Certainly, Paul Jones of UBS went the extra mile for SBAB recently, asking not just the issuer, but the entire dealer community to post levels on a Swiss franc covered bond trade.

Godfather of the MTN market Amaury Gossé last weekend officially tied the note, sorry knot, with a mystery French beauty.

The last Global ABS conference was held in Cannes. It was a gallant affair, with our CP friends doing what many years in the banking business has taught them to do well — neck champagne within reach of some celebrity working on their tan while waiting for the next showing of their film, darrrrhling.

Gayle Moore, RBS’s long-reigning MTN queen, Gracechurch Street mafia member and part of the ex-Nomura number, will be hanging up her Bloomberg terminal for at least a few months at the end of this week.

That great European equaliser, the Eurovision bond contest, was held this week and MTN-ers all got involved. "Banker guys they like to party, like to party like nobody," they’ve been humming ever since.

As the scandal of politicians’ expense claims hit the front pages of newspapers around the UK this week, Leak felt out-Leaked so it is only fair to even the score. How dare those politicians try to take the banking crown of debauched excesses?