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HSBC last week hired Susan Lee, marketer at Citigroup in Hong Kong, in a new role as director in the investor sales group in Hong Kong.

--Dennis McGill, Safety-Kleen cfo, on the company's new $350 million credit facility.

Calling all lacrosse players...Last week New Balance Athletic Shoe bought Brine, the lacrosse manufacturer that also makes soccer, volleyball and field hockey equipment.

Plastech Engineered Products made a $1 billion bid to buy the much bigger, and bankrupt, Collins & Aikman.

Northwest Airlines came to market last week with its $1.225 billion debtor-in-possession facility, straight into the teeth of a strike threat from its flight attendants and a foiled terrorist attack that caused hundreds of flight delays and cancellations.

Owens Corning's 7 1/2% '18 bonds dropped 12 points to 53 before rebounding to 57 last week as investors sold ahead of a pending rights offering in which certain bondholders would have to buy additional shares in the reorganized company.

Pro-rata collateralized loan obligations are starting to take off in Europe as the growing pool of managers look for new ways to invest.

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.

This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.

Deutsche Bank is preparing a follow-on collateralized debt obligation to an unmanaged residential mortgage-backed securities CDO.

Fitch Ratings is working on a model to rate the coupon component of credit constant proportion portfolio insurance structures--the latest twist to hit structured credit.

Default protection on single-name emerging market sovereigns has tightened across the board this week on the back of a pause in U.S. interest rate rises.