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Plastech Engineered Products' $290 million term loan "B" rose a point to 95-96.75 after the company made a play to buy Collins & Aikman for $1 billion last week.

This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.

The Italian government has thrown securitisation bankers in Europe another meaty challenge by inviting them to compete for a devilishly complex deal parcelling tariffs on electricity bills.

The International Swaps and Derivatives Association has announced Sept. 9 as the date its novations protocol will come into effect.

HSBC has bulked up its credit derivatives presence in Asia and has established a marketing unit for the effort.

The number of contracts traded on the European iTraxx credit indices overtook single name flows last week as market players turned away from taking long or short views on single names.

Credit structurers have recently started showing leveraged super-senior tranches on portfolios of Japanese credit, a market they expect to emerge in the coming months.

Merrill Lynch has set up a new structuring group covering fixed income products for clients in Europe, the Middle East and Asia, according to Osman Semerci, head of EMEA global markets at Merrill in London.

White & Case has hired Christopher Whiteley, former credit structurer with JPMorgan in London.

JPMorgan is treating index tranche trading as a flow business and has carved it out as a separate unit within its credit hybrids groups in the U.S., Europe and Asia.

Nvesta, a U.K. structured investment products boutique, has put together a note combining options on the FTSE 100, the iBoxx Sterling Gilt index and the EPUK, a U.K. property index, with a zero-coupon bond for capital protection.