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The Italian lease backed sector, which has recently been plagued by ballooning spreads and fears over investor saturation, received a boon this week after CentroLeasing successfully launched its Eu541m securitisation of equipment, real estate and auto leases.

French finance company the Entenial Group broadened its investor base this week with an Eu800m issue from its Vauban Mobilisations Garanties (VMG) securitisation platform.

Commerzbank launched its third securitisation of German residential mortgages this week through Kreditanstalt für Wiederaufbau's Provide platform, via bookrunner Commerzbank and joint lead CDC IXIS.

The home run bond offering of Centennial Communications Corp. has lifted the levels on bank debt for wireless names. Centennial increased the offering of 10 1/8% senior unsecured notes due 2013 from $300 million to $500 million earlier this week, with one trader noting that other wireless companies will be encouraged to tap the market. "Anything wireless is up," said a dealer. Centennial's loans are said to be quoted in the 97-97 1/2 range, which is three to four points up from the most recent levels, said a trader. He noted that there have been a few trades, but the names of the participants could not be identified. Calls to Thomas Fitzpatrick, Centennial's cfo, were not returned by press time.

John Romanelli, managing director in fixed income at Credit Suisse First Boston in New York, has quit. At CSFB, Romanelli reported jointly to Jerry Wood and Jim Healy, global co-heads of fixed income. Wood declined comment and Healy didn't return calls.

"We would certainly look at this. We have bought similar notes in Taiwan and India."-- Calum Graham, director of portfolio management at Govett Investments in London, commenting on the fact that several large derivatives houses plan to offer equity derivatives on Chinese shares. For complete story, click here.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

ABN AMRO has set up a global marketing group for hedge funds and has moved Alistair Mullen, global head of structured credit marketing, to spearhead the effort. Mullen said ABN has the expertise in each asset class and this effort will allow the firm to draw the pieces together and build on them. The firm has historically been weaker in gaining market share for leveraged clients versus traditional corporate clients and Mullen believes that by offering the products from a centralized unit it will be able to increase the number of funds with which it deals. Over the coming weeks Mullen will formulate the market share and penetration goals of the group. As part of the effort the firm has significantly increased its risk limits to hedge funds, said Mullen.

ABN AMRO has promoted Arthur Leiz, v.p. and credit-default swap trader in New York, to head up its U.S. desk. The move follows the departure of Chase Van Der Rhoer, the previous head, who jumped to HSBC Securities to be a credit derivatives trader, said an official familiar with the move.