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Attachment points have been set for standardized tranches of the ABX and are set to start trading Feb. 12.
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Calyon is considering offering credit structures to the Philippines. The
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Citigroup's Melinda Weir, managing director, is set to head to London in April to take a newly created position in charge of European loan sales.
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Foothill Group is doing its first collateralized loan obligation in more than six years. Foothill CLO I is a $500 million portfolio led by Deutsche Bank.
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GSO Capital Partners recently closed on a permanent capital vehicle, Abingdon Finance Ltd., a $100 million managed closed-end, Guernsey-based fund.
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While the term loan of Eastman Kodak Co. dropped last week on news of its upcoming asset sale, it stayed above par as investors tried to hold onto extra yield for the three months before it is expected to get paid out at par.
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It seems as though last summer's triumph by Canada over the U.S. in the 2006 World Field Lacrosse Championships in London, Canada, has been sullied by messy bank books and over $200,000 worth of debt owed to about 50 creditors, according to an article in The London Free Press.
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Collins & Aikman 10.75% '06 bonds fell seven points to 39.75 on fears the proposed joint venture between Lear Corp. and WL Ross & Co. would fall apart.
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This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.
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Houston-based Kanaly Trust Co. is looking at high yield, though it will stay at the top part of the spectrum, concentrating more on single-A paper.
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--Drew Kanaly, chairman of Kanaly Trust Co., on the firm looking to invest in high-yield bonds.
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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.