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  • HSBC's David Choi, head of interest-rate trading in the treasury and capital markets division in Seoul, has left.
  • Issuance of hybrid collateralized debt obligations of asset-backed securities is overtaking issuance of straight cash CDOs of ABS.
  • The Indian derivatives market is expected to get a boost in turnover due to an increase in limits for single-stock futures and options.
  • The International Swaps and Derivatives Association plans to start work on a template for settling credit-default swaps on collateralized debt obligations, credit card receivables, student loans, auto loans and non-U.S residential mortgage-backed securities.
  • Christina Maegerlein, an equity derivative saleswoman covering Germany at JPMorgan, has left the firm, along with junior German salesman Fabian Kutt and Magdalena Saine, v.p. covering sales to the Middle East.
  • Three tickets are on offer during syndication of technology company Tunisiana's Eu350m equivalent five year loan, which is being arranged by mandated lead arrangers Arab Banking Corporation and Citigroup (bookrunner).
  • Akbank's $500m three year deal will be signed on Monday by mandated lead arrangers ABN Amro (bookrunner), Alpha Bank, Bank of Tokyo-Mitsubishi (bookrunner), Calyon (bookrunner), Citigroup, Fortis Bank, National Bank of Greece, RZB, Société Générale (bookrunner), Wachovia Bank and WestLB.
  • The Republic of Turkey is set to cruise back into the Eurobond market early today (Friday) when Credit Suisse, DZ Bank and UBS use the cushion of over $1bn of orders to price the sovereign's Eu750m 10 year bond at an expected 5.05%.
  • The Republic of Turkey is set to cruise back into the Eurobond market early today (Friday) when Credit Suisse, DZ Bank and UBS use the cushion of over $1bn of orders to price the sovereign's Eu750m 10 year bond at an expected 5.05%.
  • Standard Bank has launched syndication of the $10m one year deal for TAS-Kommerzbank.
  • Ukrainian iron and steel company Azovstal made its debut in the international bond markets this week, successfully selling $175m of bonds in loan participation note format yesterday (Thursday) through joint leads ING and Russia's Moscow Narodny Bank.