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John Lipsky, First Deputy Managing Director at IMF explains that the benign economic environment has provided emerging markets with great opportunities and that any global imbalances will unwind gradually, through a further rebalancing of domestic demand across countries.

The consortium led by Kohlberg Kravis Roberts that is bidding for UK pharmacy group Alliance Boots has chosen six banks to arrange finance if its raised £10.1bn bid is successful.

Two years after Eaton Vance brought the first structured investment vehicle backed by loans to the market, the firm is set to launch another later this year.

The launch of the loan index, LCDX, may have been pushed off a few more days after a noon call Thursday because documentation issues are still being worked out.

Oh, so that's how they do it...

The second-lien term loan for bankrupt health food provider Nellson Nutraceutical slipped further last week as bankruptcy proceedings drag on due to lack of settlement with the controlling shareholder Fremont Partners.

--Nik Khakee, director, structured finance at Standard & Poor's, on the emergence of structured investment vehicles backed by loans this year.

The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.

VTB, Russia’s second largest bank, could attract so much interest from investors when it floats in Moscow and London in May that the deal may reach $6bn — 50% more than previous forecasts, a London banker familiar with the deal told EuroWeek yesterday (Wednesday).

Some buyside desks were a little quieter than usual this week as investors headed out to Arizona for the Lehman Brothers' High-Yield conference.

Investors balked at a proposed 50 basis point cut on the JPMorgan-led $1.275 billion term loan for Allied Waste Industries.

The following charts show the top five advancers and decliners in terms of % moves in the loan, bond and credit default swap markets for the previous week.