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Shinsei Bank last week hired Yoshikatsu Uesugi, director and exotic interest rate trader at WestLB in Tokyo, for a new role as deputy general manager in the trading department.

Citigroup and Morgan Stanley have started marketing the securitisation of ThyssenKrupp's divested property portfolio, the first of many property portfolios disposed of by major industrial groups and indebted state governments that is expected to be refinanced through the capital markets.

Bank of America is marketing Harbourmaster CLO 6 for Harbourmaster Capital. The deal will pool senior secured and unsecured loans, with a 5% cap on unsecured loans.

HSBC and SG last Friday finished pricing a two-part securitisation of UK and French commercial real estate, achieving a very tight execution on the euro-denominated issue. The deal is in fact two securitisations; one pooling UK properties and issued through a UK SPV, and the other secured on French assets. The four borrowers — Proudreed France and Paris Properties, and LCP Real Estate and Proudreed Real Estate — are ultimately owned by the same group of property entrepreneurs. The deal will allow the group to refinance existing bank debt, extend its maturity profile and diversify its investor base.

Barclaycard last Friday tapped the Euromarket for the first time through its Gracechurch Card Funding trust, offering European investors a rare glimpse of credit card paper and being rewarded with extremely tight pricing on its £1.26bn equivalent deal.

Capital Efficiency Group is finalising the fourth issue of its Preps (preferred pooled shares) programme, which will come to the market in December after a roadshow starting in mid-November.

Santander Central Hispano should today (Friday) price its Eu3bn securitisation of commmercial loans, Santander Empresas 1, subject to approval from the CNMV, the Spanish regulator.

NIB Capital Bank and Sumitomo Mitsui Banking Corp are preparing a synthetic securitisation of infrastructure loans under the private finance initiative, in the first such deal to pool loans by different originators.

Russian bank reform; trade agreeements; and Chavez's 'peaceful aims'

Private sector opportunities in the Middle East; IMF reform; MDB corruption drive

Cantor Fitzgerald has opened up a new office in Memphis, Tenn., and has hired Scott Gruber as managing director in charge of all fixed income sales and trading there.