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Former Chase Manhattan bankers Scott Davidson and Andrew Dym have stepped up to co-head North American asset backed securities (ABS) and conduits at JP Morgan. Since the JP Morgan Chase merger, the pair have worked on JP Morgan's ABS team in New York. Davidson directed structured credit activities for corporate and financial clients, while Dym led ABS in auto and equipment related sectors.

Argentina The syndicate has been released for the $220m oil contingent loan-style FRN being arranged by Deutsche Bank for Pecom Energia.

Australian issuer Macquarie Bank hosted a dinner for its dealers at The Capital in London recently. And in typical Ozzie style they got sport involved with English cricketer Ian Botham as guest of honour. HSBC's Fergus Kiely and Annemarie Ganatra were there in full swing and Fergus thought he was in for a good innings when he was given Botham's bat. But he found himself caught behind (the bar) too often and now he's stumped as to how he got home. Citibank's CP salesman, Giles Chapman, is another fan of Australian sport - he likes it so much he was prepared to follow the Lions rugby tour down under for three weeks. But it was lucky for him he was out of the office. All the fuss about the Citigroup buildings down at Canary Wharf and the glass walkways connecting the upper floors has been justified, as a sheet of glass fell from one of the floors and smashed on the foyer No one was hurt. Merrill Lynch's Anthony Everill and Dean the dog Fogg will be saying goodbye next weekend to their offices. Merrill is moving down to the (air conditioned) building by St Paul's cathedral, and by all accounts they will be leaving some rats behind. Apparently their old building was infested. The cheeky chappies at SNS Bank have been keeping dealers amused again. As if a vintage car driving trip in Holland wasn't enough, followed by the strangest looking chocolates Leak has ever seen, SNS's latest trick is a video of the antics from the vintage car party. Quite a few dealers were cringing to see themselves on camera... censors have had to stick an "X" on the video. It's all go on the HSBC desk. They've been so busy this year that Fergus, Annemarie and Evie are getting two new colleagues. Dirk Hoffman is joining them from HSBC's Dusseldorf office and in September Ammaury Gosse is joining the trading desk from HSBC's Paris office. Unfortunately his name is so similar to Annemarie's, there is bound to be confusion on the desk. Congratulations to Lehman Brothers's money markets salesman, Alex Timmis, who had a farewell drink at the Roof Gardens bar in London last night. But he isn't leaving the market - he's just getting married. The nicest man in sales was joined by Morgan Stanley's Richard Tynan, UBS Warburg's Sam Cowan as well as Lehmans's MTN trader Brian McCarthy and CP man John Ford.

The Lebanese Republic has added Schroder Salomon Smith Barney as a dealer off its $6 billion global MTN programme. The programme is rated B2 by Moody's and has almost $5 billion outstanding off 12 trades.

Mexico this week illustrated the distance it has placed between itself and major Latin American peers when it launched a $1.5bn 30 year benchmark global bond that was increased from $1bn after attracting $3bn of orders.

Bahrain Syndication of the $100m three year term loan for Bank of Bahrain Kuwait (BBK) was closed oversubscribed on Monday.

Mexico this week illustrated the distance it has placed between itself and major Latin American peers when it launched a $1.5bn 30 year benchmark global bond that was increased from $1bn after attracting $3bn of orders.

Morgan Stanley this week launched a Eu394m securitisation backed by loans made to public sector bodies in Italy originated by Credito Fondiario e Industriale (Fonspa), a bank specialising in real estate lending that Morgan Stanley bought last year.

Morgan Stanley this week launched a Eu394m securitisation backed by loans made to public sector bodies in Italy originated by Credito Fondiario e Industriale (Fonspa), a bank specialising in real estate lending that Morgan Stanley bought last year.

* Nomura, the Japanese investment bank, is believed to be on the verge of signing a senior asset backed official in Europe. The bank has so far refused to reveal the identity of the person, and speculation is rife about who it might be. The appointment will plug the gap left by Henry Cooke and Robert Palache, the former co-heads of securitisation at the bank who both departed earlier this year.

The European equity capital markets were caught off guard this week as Deutsche Bank sold Eu1bn of Deutsche Telekom (DT) shares in an accelerated bookbuild. No one other than Deutsche Bank and the vendor itself knew that the sale was coming or who sold the stock. The 44m DT shares were sold on Tuesday at Eu23.6 each, offering a 3% discount to Monday's closing price of Eu24.34. Since the sale, the share price has fallen even further, closing yesterday (Thursday) at Eu20.44 - its lowest level for more than three years.