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Abbey National, the UK's second largest mortgage bank, launched a £2.2bn securitisation of mortgages this week, its third from the innovative master trust vehicle it created in June last year. Lead managed by Credit Suisse First Boston and Salomon Smith Barney, the deal, which actually offered $2.18bn and Eu879m, was once again a hit with investors on both sides of the Atlantic.

ABN Amro has brought on board several senior relationship bankers to beef up its technology, media and telecoms (TMT) client coverage group. As well as new recruits in London and Hong Kong, six bankers join the bank in New York through ABN's acquisition of several ING Barings operations. In London, Peter Dailey has joined as head of the media industry team, with responsibility for all deal origination and client relationship management in the European media sector. Dailey spent five years heading the European telecoms and media group at Lehman Brothers before leaving to co-found Eos Internet Ventures, an internet focused investment and development company where he was CFO. "And now I am back-2-banking," he said. He will report to Alexandra Cook-Schaapveld, global head of TMT.

African Development Bank has issued two ten-year Hong Kong dollar trades. Both are HK$50 million ($6.41 million) notes that pay interest quarterly and have final coupons of 6.67%. These trades are the first of the 38 notes African Development Bank has issued this year that are not denominated in yen.

Latin American bonds gained ground this week and bankers began readying deals for issuers from the region on hopes that Argentina will announce details of its much anticipated $20bn debt swap as early as this weekend. Bankers expect that the swap will be done within the next two weeks and that its success will create the opportunity for a variety of issuers to come to market.

Asia Pacific * Frontline Funding Special Purpose Company

* Helaba International Finance plc Guarantor: Landesbank Hessen-Thüringen Girozentrale

Friday, May 11 - Harry's Bar, New York Is Bob Diamond at Barclays Capital about to conduct Ram-Raid II after failing by a whisker to snatch almost the whole of CSFB's high grade fixed income group in New York? As a spectator attraction, the event drew a larger audience than the flower people at the Woodstock Festival in 1967. In the grand amphitheatre of Central Park, it looked as if Bob Diamond, a renowned streetfighter, had the upper hand and CSFB's chairman and CEO Al 'Weetabix' Wheat by the short and crinklies.

Barclays Capital has scored a devastating coup by taking Grant Kvalheim, John Winter and Peter Goettler from Deutsche Bank in New York and London.