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BNP Paribas' focus on leveraged finance is harvesting gains with the bank preparing to launch a $110 million recap for Banc of America Capital Investors portfolio company FlexSol Packaging Corp., while shopping a $175 million credit for Propex Fabrics.
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Canadian banks are laying the groundwork for the development of secondary trading of Canadian loans and the introduction of non-bank buyers into the Canadian loan market. -
Citigroup Alternative Investments' London Credit Structures has hired Erik-Jan van Bergen, head of asset-backed securities at ING Investment Management in The Hague.
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Two structured finance researchers have departed the Credit Suisse First Boston team in London.
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Who will win the election?
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New York Attorney General Eliot Spitzer's inquiry into the insurance industry is spreading beyond the Empire State and across the pond.
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Dealer shelf transactions are gaining traction in the mortgage-related market and by some estimates now account for as much as half of the total sales this year, up from about 30% last year.
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Hedge funds are bidding up Drax's debt, betting on movements in the darkspread -- the spread between energy prices and coal-fired generation costs.
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Gabelli Fixed Income may pour $100 million into short-term Treasuries if yields on the two-year Treasury note back up to 2.75-3%.
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The Italian Treasury's third jumbo real estate securitization, already in the works for the better part of a year, could be on ice until next year as the issuer copes with negative rating action on its second deal and investors re-consider the risks in similar transactions.
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Lake Las Vegas Joint Venture has benefited from strong investor demand with more than 80 accounts piling into a term loan backing a dividend to the owners Ron Boeddeker and Bass Holdings.
