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Standard Bank of South Africa this week launched its second securitisation in just under two months, in what is also the country's biggest debt capital markets transaction to date, a R4.5bn ($679m) RMBS.

Bank of America has priced Harbourmaster CLO 6, a Eu511m securitisation of senior secured and unsecured loans for Harbourmaster Capital.

HBOS has arranged a balance sheet CMBS backed by its UK property loans. Citigroup, Morgan Stanley and UBS are joint bookrunners on the £1bn equivalent transactions.

Pharma Finance 2

Land Securities last Friday returned to its structured debt issuance programme for the first time since it was launched in November 2004.

NIB Capital has released price guidance for Stichting Profile Securitisation I, the synthetic securitisation of private finance initiative (PFI) loans for NIB and Sumitomo Mitsui Banking Corp. Launch is scheduled for the end of next week. The £383m deal includes just £32m of funded issuance, comprising five tranches of 10 year notes. The triple-A notes are being talked in the high 30s over Libor, the double-A notes in the mid-50s, the single-A notes in the 90bp area, the triple-B notes at 175bp-200bp and the double-B notes at 475bp-525bp.

Northern Rock last Friday launched an innovative securitisation to transfer most of the remaining credit risk on its securitisations up to January 2005.

Lehman Brothers mortgage lending subsidiary, Preferred Mortgages, has priced its 10th non-conforming RMBS this week issuing £300m of notes across sterling, euro and dollar tranches.

SLM Corp will today (Friday) price the euro tranches of its latest securitisation of consolidation loans, issue 2005-9 through the Student Loan Trust, underwritten by CSFB and Deutsche Bank. The Eu267.82m seven year bond is expected to come in the 7bp area, while the 10 year note, worth Eu500m, is expected in the 10bp area. The tranches are both reset notes, and rated triple-A by all three agencies.

The sovereign should deepen its domestic market, not issue local-currency debt abroad

Fitch Ratings has assigned a structured finance collateralized debt obligation asset manager rating of CAM2 to Vertical Capital.

Reliant Energy expects to use proceeds from the $975 million sale of its Orion New York assets to pay off $638 million of a "B" loan.