Pre-migration untagged articles

ABN Amro has issued the first collateralised debt obligation from its North Sea Funding credit arbitrage conduit. The $159m structure transfers part of the conduit's credit enhancement to capital markets investors, and is designed to afford ABN certain regulatory capital and asset and liability management benefits.

ABN Amro has issued the first collateralised debt obligation from its North Sea Funding credit arbitrage conduit. The $159m structure transfers part of the conduit's credit enhancement to capital markets investors, and is designed to afford ABN certain regulatory capital and asset and liability management benefits.

The African Development Bank yesterday (Thursday) priced the first Botswanan pula Eurobond issue that will be fully clearable in the currency.

Japan Expressway Holding & Debt Repayment Agency (JEHDRA) is said to be looking at pricing a jumbo three tranche trade, possibly totalling as much as ¥130bn. According to market sources, the issuer is looking at the domestic market to raise the funds in 10, 30 and 40 years. Should the issuer decide to price a 40 year, it would be the longest ever deal in the Japanese market.

Brian Lazell, BNP Paribas's head of European high grade corporate debt capital markets, has resigned from the bank and will leave at the end of this year. Lazell said he would resurface at another financial institution on January 15, but this is believed to be outside London and not a direct competitor to BNP Paribas.

Brian Lazell, BNP Paribas's head of European high grade corporate debt capital markets, has resigned from the bank and will leave at the end of this year. Lazell said he would resurface at another financial institution on January 15, but this is believed to be outside London and not a direct competitor to BNP Paribas.

Leak would like to congratulate the Royal Bank of Scotland's two MTN maestros, Sanjay Sofat and Richard Harding, on their promotions. A little bird told us the two high fliers were moving onwards and upwards within the bank's MTN team. Sanjay has been made head of MTN dealing, covering EMTNs and US MTNs, while Richard has taken on the job of head of capital raising and term funding.

Markit launched a valuation service for inflation swaps this week. Twelve dealers are submitting prices to the service. It will provide verification of UK RPI (retail price index), US CPI (consumer price index), Euro HCPIx (harmonised consumer price inflation excluding tobacco) and the French CPIx (consumer price inflation excluding tobacco) zero coupon swaps.

The stampede of top European banks into the securitisation market to clean up their balance sheets before year-end became even more thunderous this week, as Barclays Bank priced its £5bn collateralised loan obligation and ABN Amro announced a Eu6.75bn CLO, foreshadowed by EuroWeek two weeks ago.