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Cohen Bros. & Company has snared a team from PB Capital to build a middle-market collateralized loan obligation business as the once-neglected sector continues to attract new capital.

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

David Forgash, v.p. in high-grade corporate bond trading at Lehman Brothers, is headed to RBS Greenwich Capital as managing director in high-grade corporate bond trading.

Plastech Engineered Products is facing opposition from lenders over the terms of an amendment that will loosen covenants and reduce pricing on its loans.

Possible changes to the tax code may prompt private wealth managers to shift assets to high-quality, taxable bonds from municipal holdings in anticipation of tax reform that could make previously taxable income tax free.

Sirius Satellite Radio, which recently inked shock jock Howard Stern to a $500 million contract, has postponed its debut high-yield offering due to market conditions, said David Frear, cfo.

TIAA-CREF is looking to add to its TIPS holdings.

The private-equity group that acquired Texas Genco from Centerpoint Energy is planning to take the IPP public, according to Power Finance & Risk, an LMW sister publication.

Offshore hedge funds using total return swaps on bank loans have become increasingly involved in the origination process and some market participants warn their activity may be viewed as a lending business and subject to federal income tax.

Jack Yang, a partner at Highland Capital Management, commenting on the acquisition of ING Capital Management's European loan business.

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Peter Hansen, who was an executive director at The Bond Market Association's European Securitisation Forum in London, has returned to Munich where he has taken a job as in-house lawyer for a German bank.