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Some investors are voting with their feet on the proposed 50 basis point cut on the $1.275 billion term loan "B" of Allied Waste Industries.
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--George Marshman, principal at Aladdin Capital Management, on the firm's decision to set up a European venture.
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Lehman Brothers arranged a $600 million collateralized loan obligation for Ares Capital Management called Ares IX CLO.
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Look out Hogs....here comes the loan market.
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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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The $100 million second lien for Stratus Technologies' broke at 97 after an original issue discount (OID) feature was added and pricing was hiked to LIBOR plus 9% in syndication to make it more attractive to investors.
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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.
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A trio of Korean equity specialists at ABN AMRO in Hong Kong has quit and is reportedly planning to set up a hedge fund in Seoul.
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The new residential mortgage-backed securities index ABX has encountered some unexpected snags due to an imbalance of buyers and sellers.
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A market for credit-default swaps on leveraged loans is expected to emerge this year in Australia as an alternative to traditional CDS on local corporate debt.
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Barclays Capital has recruited Jason Chu, director and credit derivatives trader at JPMorgan in Tokyo, as a director in Hong Kong for its Asian single-name credit-default swap trading book.
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FX option trading accounts were snapping up short-dated euro/polish zloty straddles and euro/Hungarian forint puts last week after key barriers were broken in both currency pairs.