Free content

As first reported on Loan Market Week's Web site, Bain Capital is said to be buying dollar-store company Dollarama and has tapped Citigroup to lead the financing.

The axe has dropped on Commerzbank Securities' New York office, including the firm's fixed-income business.

Demand for Treasury Inflation-Protected Securities is growing, especially from Asian investors, according to dealers who say they are receiving a material increase in the number of inquiries from non-U.S. investors.

Credit Suisse First Boston won a $73 million portfolio this morning in a well-contested auction held by Franklin Advisers.

The Dutch State Treasury Agency could start issuing ultra-short-dated paper to reduce funding costs.

A group of distressed investors taking a controlling stake in bankrupt GEO Specialty Chemicals are also offering to provide a high-octane exit financing that will repay pre-petition bank lenders.

Filthy Stinking Rich... and proud of it. New York Magazine featured Pirate Capital's Zachary George, a 27 year-old ex-Mizuho Corporate Bank analyst now working for ex-Goldman Sachs trader Tom Hudson.

Frankfurt-based DWS Investments needs the asset-backed securities new issue market in Europe to pick up in order to put money to work, according to Antje Lechner, portfolio manager on the nine-strong ABS team.

Cedarview Capital Management, a credit fund that expects to have $75 million under management by next month, has recently added a credit analyst to meet its growing asset base.

Fresenius Medical Care is eliminating its "D" loan and moving to an all pro rata structure that takes the spread on the credit down to LIBOR plus 7/8%.

Downgrades of high-yield bonds are outpacing upgrades so far this quarter, in an early sign the credit cycle may be signaling an end to the high-yield party, said John Lonski, chief economist at Moody's Investors Service.