Free content
-
"It is an attractive trade for people who are bullish on near-term defaults and bearish on spreads."--Oliver Dunsche, head of credit derivatives structuring at Barclays Capital, on new portfolio protection strategies.
-
This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market.
-
JPMorgan held preliminary meetings in preparation of the syndication of the $4 billion term loan "B" backing the $11.3 billion leveraged buyout of SunGard by a consortium of buyout shops.
-
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.
-
What is believed to be the largest term loan on record is slated to help fund the buyout of Univision Communications by a consortium of private equity groups.
-
Calyon later this month will transfer Cedric Dubois, global head of exotic equity derivatives trading in Paris, to Hong Kong to become head of equity derivatives trading for Asia.
-
CharterMac and IXIS Capital Markets have launched Centerbrook Financial through which they aim to provide credit enhancement for Chartermac's securitizations and tax credit partnerships.
-
ABN AMRO is preparing to enter the nascent Korean warrants market with plans to establish an onshore desk.
-
Citigroup will offer conditional variance swaps across regions to hedge funds as the nascent structure is gaining ground.
-
Citigroup has recruited Ashish Sekhri, v.p. and credit structurer at Credit Suisse in Singapore, as a structured credit trader in Hong Kong.
-
Michael Pringle, head of equity derivatives flow trading at Credit Suisse in London, has left and is headed to Merrill Lynch. Pringle is on gardening leave and could not be reached.