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  • UniCredit Banca d'Impresa, part of UniCredito Italiano, this week fulfilled its promise to return to the capital markets with a well subscribed second securitisation of loans to small and medium sized enterprises.
  • Wachovia Securities this week brought a new jurisdiction into the fold of European structured finance, closing a $64m securitisation of Latvian mortgages for the Baltic-American Enterprise Fund.
  • The increasingly competitive European CMBS market showed no sign of letting up this week when ABN Amro launched a £193.65m single-borrower securitisation of UK offices for privately owned property firm Fordgate Ltd.
  • Citigroup has priced a five year synthetic out of its Cloverie vehicle, referencing a static portfolio of ABS and CDOs.
  • Henderson Global Investors and UBS have released details of an innovative new structured product closed last week that allows investors to take a leveraged position on corporate credit indices, whilst still benefiting from potential spread widening.
  • Barclays Capital pushed back the known universe of collateralised debt obligation structures this week when it launched the world's first CDO referencing commodity swaps, or collateralised commodity obligation (CCO).
  • Banca Nazionale del Lavoro has revealed details of a rare Eu657m securitisation of loans to Italian regions, which it retained entirely on its trading book.
  • Deutsche Bank (bookrunner) and RBC Capital Markets (joint lead manager) this week launched the first index linked hospital bond since January, a £180m deal for Catalyst Healthcare (Manchester) Financing Ltd.
  • Finconsumo Banca, the Italian consumer finance subsidiary owned by Banco Santander Central Hispano, last Friday returned to the Eu3bn MTN repeat issuance programme it set up earlier this year for securitising its consumer loan book with a larger offering worth Eu500m.
  • Fitch this week withdrew its ratings from troubled champagne stocks securitisation Marne et Champagne Finance Arl.
  • Wachovia Securities is planning to start posting the documentation for collateralized debt obligations it underwrites to a third-party site sponsored by The Bond Market Association.
  • First-loss pieces of collateralized debt obligations have changed hands recently in a new development that is seeing the market's growing liquidity extend to all parts of the capital structure.