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Rabobank hopes to launch its Eu212.5m leveraged, synthetic collateralised loan obligation Sundial Finance Ltd in the next few weeks. The bank has held roadshows for the deal in Asia, Europe and the US, and more presentations are planned.

Australian non-bank mortgage lender Interstar Securities (Australia) Pty Ltd this week launched the third issue from its Interstar Millennium Trust mortgage securitisation programme with an A$700m transaction, the country's second largest ever domestic MBS deal. The Australian market is booming. A record A$6.6bn of MBS was issued in the first quarter of 2000, according Standard & Poor's - a 23% increase on issuance on the final quarter of 1999.

JP Morgan last Friday launched the fourth transaction using its innovative Sequils-Mincs structure for cashflow collateralised debt obligations. Like the first Sequils-Mincs deal in April 1999, the $565m transaction will be managed by TCW Advisors, and parcels US leveraged loans. Under the structure, one SPV, called Sequils, issues notes and buys loans worth an equal amount. Morgan Guaranty Trust provides a credit wrap for the portfolio of about 16% through a credit swap, and transfers the risk to Mincs through a second credit swap.

Colin Mercer this week joined the London office of US law firm Brown & Wood as a partner, six months after resigning his partnership at UK practice Simmons & Simmons. Mercer decided to make the move in November, one week after his colleague John Russell - but while Russell was able to start work at Brown & Wood almost immediately, Simmons & Simmons obliged Mercer to spend six months on gardening leave. Both Russell and Mercer have some experience in securitisation and have done a lot of repackaging work.

Three weeks after BNP Paribas' European securitisation group resigned to move to Credit Suisse First Boston, the tussle between the two banks has ended and the new composition of the two groups has become clear. BNP Paribas mounted a rapid counterattack after nearly all its European securitisation staff resigned, putting each defector under pressure to stay. After a sustained struggle, the bank succeeded in retaining key members of the team that had structured Paribas' Italian deals, one of the most significant parts of its business.

This is the second week of DW's Learning Curve coverage of two consultative papers issued by The Basel Committee on Banking Supervision.

Eastern Europe has failed to deliver great volume for the loan market in the first months of the year. But now there are signs that a number of relatively large facilities for well-known names are set to appear in the next month or two. These deals are likely to set new benchmarks in terms of pricing, as borrowers capitalise on the high levels of potential liquidity for eastern European names. Philip Carter reports.

Central and eastern Europe's debt markets are well and truly on the comeback trail. The region's economies are gradually powering up and the rating agencies are recognising the change by upgrading both sovereigns and corporates. Investor appetite is returning and it is not just limited to issues for the EU accession states. Witness Kazakhstan's $350m seven year issue. Nick Parsons reports on a region fighting back.

Central and eastern Europe is forcing its way into the western consciousness. Poland, Hungary, Estonia and Slovenia are all expected to enter the EU by 2005, while the Czech Republic, Latvia, Lithuania and Slovakia look set to follow two years later. A boom in the currency and equity markets pending entry to the EU is widely predicted. Michael Hoare reports.

Premarketing for Vodafone Pacific's A$3bn share placement will begin in May following syndicate analyst meetings this week. Goldman Sachs is global co-ordinator and bookrunner, JB Were is joint lead manager for the domestic issue and Warburg Dillon Read will act as international co-lead manager. The international syndicate comprises Deutsche Bank, Merrill Lynch and Salomon Smith Barney. The domestic syndicate includes ABN Amro, Maquarie and Ord Minett.

Mass Transit Rail Corporation (MTRC) has been sounding out banks about its latest debt market financing, which is likely to involve a debut euro-denominated deal. Bankers said the government-owned authority would be looking for the equivalent of $500m or more for a minimum of five years.