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Canary Wharf Group plc, owner of the spectacular Canary Wharf office development in London’s Docklands, this week began marketing its second securitisation of buildings in the complex — a deal that may prove just as innovative as the company’s first asset backed issue in 1997.

COMMERZBANK Securities has appointed Marc Bajer as head of global debt origination to work on issuer relationships and extend the range of the bank's new issue business. Reporting to Mark Eban, joint head of brokerage, he will be based in London and will assume his position in about three months, after leaving Barclays Capital.

* Spintab AB Rating: Aa3/AA-

DRESDNER Kleinwort Benson this week hired Andrew Pisker from BNP Paribas as head of global markets, the first successful move in the bank's effort to rebuild its debt markets operations since the collapse of the proposed merger with Deutsche Bank. Coming a month after former co-head of global markets TJ Lim's departure to Merrill Lynch, and the subsequent exodus of bankers from Dresdner's bond business, the hiring of Pisker is an essential step in rebuilding morale, as well as the German bank's debt markets team.

Brazil * Banco BBA Creditanstalt (Nassau)

Czech Republic Euroweek hears that an oil refinery is asking banks to submit bids for a syndicated loan facility. More details are expected in the next couple of weeks.

Fringe currencies continue to be a popular source of arbitrage-based funding. Nord-deutsche Landesbank issued a Z150m 14% five year EMTN this week with Chase as sole lead, and the proceeds were confirmed to have been swapped to floating euros. Zloty swap rates are extremely erratic, often trading in a range of 15bp or more in a day. "It is a very volatile market," said one London broker.

* Berlin-Hannoversche Hypothekenbank AG Rating: AAA

* ABB International Finance NV Keepwell agreement: from Asea Brown Boveri Ltd

Banca di Roma will launch its second CBO next week. Arranged by Donaldson, Lufkin and Jenrette and Italian investment bank Mittel Capital Markets, the transaction will be lead managed by Banca di Roma and DLJ (books). Caesar Finance 2000 will be backed by 49 corporate bonds, mostly from Italian issuers, with an average rating of triple-B. The three month Euribor based deal amortises on a sequential passthrough basis.

* NIB Capital Bank, the former De Nationale Investeringsbank, will price its largest mortgage securitisation today (Friday). The Eu800m deal, lead managed by BNP Paribas, Merrill Lynch and NIB Capital Markets, parcels Dutch mortgages originated by four subsidiaries of NIB and by Zwitserleven, the Dutch branch of Swiss Life. The loans will be serviced by independent servicer Stater BV.