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David Flannery, managing director, has been named head of leveraged capital markets at Deutsche Bank.

The Loan Syndications and Trade Association loan-CDS working group approved the market advisor regarding market standard indemnity, which is part of the settlement rider, Elliot Ganz, executive v.p. and general counsel, said.

Single-tranche collateralized loan obligations securitized through total-return swaps and cash-synthetic hybrid CLOs are gaining popularity as documentation for U.S. loan-only credit-default swaps nears completion.

EU candidate Bulgaria will probably join the Euro in 2010, before existing members Poland, the Czech Republic and Hungary, Austria’s leading bank predicted last Thursday. The candidate state in South-East Europe is well in the race, an analysis by Austria’s Bank Austria-Creditanstalt showed. Romania and Croatia could also adopt the joint currency in 2012, it said. Slovenia is expected to join the currency as planned on January 1 2007. Lithuania, which applied along with Slovenia in March, is unlikely to reach its target because inflation is too high, the experts said. The EU Commission and European Central Bank will publish their evaluations in May, which will be decisive for the council of EU finance ministers, and the council of heads of state in June.

Deutsche Bank and Société Générale this week released price guidance for some tranches of Bank of Western Australia's A$3.5bn ($2.7bn) securitisation of residential mortgages.

Bank for Investment and Development of Vietnam has become the first Vietnamese financial institution to issue plain subordinated bonds, an important step forward in the development of the country's fledgling bond market.

Bryan Liew has resigned from Calyon, where he was a director in the syndicated loans team. His departure comes only a week after Rikki Chui, also a director, announced that he was leaving the team, which is headed by John Corrin.

Hanjin Shipping has mandated six banks to arrange a $205m financing that will fund the purchase of four ships. BNP Paribas, Citigroup, ING Bank, Export-Import Bank of Korea, Société Générale and Sumitomo Mitsui Banking Corp are arranging the deal, which features a three year pre-delivery tranche followed by a 12 year mortgage loan.

Thai Beverage, the country's largest brewer and distiller, said on Monday it would float in Singapore in a deal that could raise as much as S$2.02bn ($1.3bn).