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This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.

Richard Piccirillo, portfolio manager at Prudential Investment Management.

Tube Lines, the consortium that operates three London Underground networks, disappointed sterling investors this week when it announced details of its £2bn plus refinancing of its £1.935bn senior and mezzanine debt.

Sam Vulakh, former director in credit derivatives trading at Credit Suisse First Boston in London, has joined New York-based hedge fund start up Panton Capital as a partner.

JPMorgan is transferring Clarke Pitts, head of equity derivatives in Tokyo, to London in the coming months to assume a role within the equity division, according to firm officials.

Merrill Lynch is readying a proprietary trading desk in Tokyo and has recently brought over two Royal Bank of Scotland veterans to launch the effort.

BNP Paribas has hired a pair of Scandinavian derivatives sales staffers from JPMorgan in London.

Morgan Stanley has lost Wayne Wennick and Karl Faker, senior salesmen in its hedge fund sales team in London. Faker is moving to Goldman Sachs in a similar role, and Wennick is joining Merrill Lynch.

Morgan Stanley is bringing aboard Helena Chen, fixed income and derivatives marketer at Crédit Lyonnais in Taipei, in a similar role for its Hong Kong desk.

The Singapore branch of Landesbank Baden-Württemberg has hired Frank Tsai, former head of structured products at Macquarie Bank in Sydney, to head its new structured product business in Asia.

LG Insurance, one of Korea's largest insurers with over KRW40 trillion (USD34.5 billion) in assets, is considering making its first investment in synthetic collateralized debt obligations in the coming months.