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Citibank and Dresdner Kleinwort Wasserstein have been added as dealers to ABB Capital's $3 billion Euro-CP programme.

John Mullen has been appointed global head of asset securitisation at ABN Amro in London. He replaces Tariq Rafique, who resigned from the bank last summer and moved to Nomura. Huibert Boumeester, global head of sub-investment grade origination, took overall control of securitisation until a replacement was found and began talking to Mullen in October.

South Africa The $100m three year loan for the Industrial Development Corporation of South Africa (IDC) will be wrapped up early next week.

Allied Domecq, the UK drinks company, found little trouble in placing £152m of its stock on Wednesday as investors scrambled to show their support of Allied's recent purchases of Malibu, the coconut rum brand, and Mumm Cuvée Napa, the Californian sparkling champagne. The funds raised from the issue will partly pay for the £587.5m acquisition of the two assets that Allied bought from Diageo, the UK drinks company.

Hong Kong HSBC is to be co-ordinator for the HK$5bn refinancing facility for PCCW-HKT Telephone.

Asia Pacific * Clare Series II Special Purpose Company

Australia The A$128.5m facility for Flinders Ports has been completed by arrangers Westpac and Crédit Agricole Indosuez Australia.

The Walt Disney Co. has entered an interest-rate swap on the back of a USD1.75 billion global bond offering last month, according to Thomas Staggs, cfo in Burbank, Calif. The company finalized the global bond sale in late February and had looked to do an interest-rate swap immediately following the offering. Instead, was forced to wait a couple weeks because it could not enter at a low enough rate he said, declining to elaborate.

Dresdner Kleinwort Wasserstein is structuring a USD3 billion synthetic collateralized swap obligation with a unique step-up coupon designed to assuage CDO investors who have been battered as a result of downgrades. In the deal, dubbed Petra, the second loss tranche is a single A rated credit-linked note with a coupon that jumps 50 basis points if it gets downgraded to BBB and 150bps if it goes to speculative grade, according to an investor who is familiar with the deal. The deal is likely to come to market in the next couple of months. Officials at DrKW declined comment.