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Italian bank Bipop-Carire yesterday (Thursday) launched a Eu245m securitisation backed by collateralised consumer loans originated by consumer bank Fineco Banca, part of the Bipop Group Lead managed by Dresdner Kleinwort Wasserstein, the deal followed four Italian ABS issues over the last week, and came wide of original price talk of 26bp-27bp by several basis points.

Banca Monte dei Paschi di Siena (BMPS) last Friday launched a Eu1.1bn securitisation backed by Italian residential mortgages. Lead managed by Merrill Lynch and MPS Finance, Siena Mortgages 01-2 is BMPS's sixth securitisation this year and its third this month, following Anthea Srl, a Eu271m semi-synthetic deal, and Ulisse 3, which was also launched this week.

Banca Monte dei Paschi di Siena (BMPS) last Friday (October 19) launched its third offering from the Ulisse programme, a Eu140m securitisation backed by non-performing loans originated by Banca Toscana, a member of the BMPS group. Lead managed by Deutsche Bank and MPS Finance, the deal securitises a pool of secured and unsecured claims that make up almost all of Banca Toscana's non-performing loan portfolio.

Abbey National, the UK's second largest mortgage bank, this week launched the first tranche from its latest mortgage backed securitisation and released details of the rest of the deal that is expected to be launched next week. This week Abbey launched a Sfr400m piece via Credit Suisse First Boston (CSFB), the second time it has factored a tranche denominated in swiss francs into its structure.

Banca Lombarda e Piemontese this week launched its first securitisation, a Eu505m deal backed by equipment, auto and real estate leases originated by the bank's leasing division SBS Leasing, Italy's eighth largest leasing company. Lead managed by Credit Suisse First Boston (CSFB), the deal is the first of a number of securitisations Banca Lombarda is planning in an attempt to access new sources of funding and bring regulatory capital relief.

Bankinter, the Spanish bank and mortgage lender, this week launched a Eu1.322bn securitisation backed by a portfolio of its residential mortgages. Lead managed by Bankinter itself, Crédit Agricole Indosuez and Dresdner Kleinwort Wasserstein, the deal is one of the largest securitisations to be launched by a Spanish issuer into the term market.

TD Securities, Credit Suisse First Boston, Bank of New York and J.P. Morgan are seeking commitments on a $300 million, delayed-draw term loan add-on for American Tower and TD is also seeking commitments to expand the existing facility of its Mexican subsidiary, American Tower de Mexico. Ann Alter, spokeswoman, said American Tower has an option to increase its current $2 billion in credit facilities by a further $500 million. The delayed draw-term loan provides the option to use the cash, but it may not necessarily be tapped, Alter said.

Regal Cinemas bank debt reportedly traded in the 102-104 range this week on news of the company filing for bankruptcy. While two dealers confirmed levels in that range, one said they were actually higher. He declined, however, to give an exact level. The company filed in mid-October as part of a prepackaged restructuring program under which investor Philip Anschutz will take control of the company. Calls to Dick Westerling, head of investor relations, were not returned. The cinema chain is based in Knoxville, Tenn.

Wyndham International's "B" paper traded up to 81 from 78 last week as distressed buyers start to take an interest in the paper. Approximately $7 million changed hands. Traders also said that the credit has gone from being a par name and is now being traded by distressed dealers for the anticipated recovery. "Par guys are not in it anymore," said one. "Distressed players are making their bets on it." Dallas-based Wyndham manages 240 hotels. Richard Smith, cfo, referred calls to investor relations department and not returned.

An estimated $20 million chunk of Xerox's bank debt notched down slightly to the 81-83 range from the mid-80s on a Standard & Poor's downgrade of the company's revolver to BB from BBB-. The company, while going ahead with its debt reduction plan, lost business in late September as a result of the World Trade Center attacks. Regal Cinemas, still being traded as a distressed credit, has moved up to 102-104 from the mid-90s on the prepackaged bankruptcy filing.

Credit Suisse First Boston Tuesday launched syndication of its $1 billion credit for NorthWestern, backing the planned acquisition of Montana Power's transmission and distribution business for $1.1 billion. Pricing on both the $400 million, 364-day revolver and $600 million, 364-day acquisition facility is LIBOR plus 1 1/4%, based on a grid, with a 20 basis points commitment fee. Spokesman, Roger Scrum of NorthWestern confirmed CSFB was arranging the revolver facilities, but was unable to answer further questions, as the acquisition has still not yet closed and Kipp Orme, v.p. of finance and cfo at Northwestern is in New York. Asked when the acquisition is set to close, Scrum responded, " It's in the hands of the regulators." There is no set time for the deal to be approved.

Bank of America has hired three fixed income and credit derivatives pros and plans to add up to five more to beef up its commitments in Japan as part of a restructuring effort. Growing client demand for fixed-income and credit products, such as structured notes and synthetic collateralized debt obligations, has prompted the move, according to Kenichi Tatsuzawa, managing director and head of the global markets group in Tokyo-which runs all fixed-income related products. Before the department was structured along product lines with nobody taking direct responsibility for Asia. The firm has implemented the change to better co-ordinate the products in the region as the department grows.