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Conference speakers highlighted the importance of non-Japan Asia, and especially China, for future increases in derivatives volumes. "This is the most exciting market in terms of growth potential," said Michele Faissola, managing director and global head of over-the-counter derivatives for global markets at Deutsche Bank in London.

Bill Kelly, managing director and head of interest rate volatility trading at Citigroup Global Markets in New York, has left the firm after approximately 18 years.

Taiwan's Securities And Futures Commission is preparing to launch the onshore equity-linked note market this summer in a step to liberalize the market. "This will happen in June or July," according to an official at the SFC. The SFC had initially planned to launch the products by April (DW, 11/24) but market officials said it had been slowed by issues surrounding the settlement of derivatives as well as negotiations between regulating bodies. The government will likely first permit local houses to offer the products then further open it to foreign players. The official at the SFC declined further comment.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

BondWeek is the leading news publication for fixed-income professionals, covering new deals, structures, asset-backed securities, industry and market activity.

This chart, provided by Citibank/Salomon Smith Barney Inc., tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.

Natural Resource Partners (NRP) has expanded its $100 million revolver for possible acquisition opportunities and also could possibly go after a term loan. The increased bank commitments brought NRP's line up to $175 million with no change in the pricing or terms of the original agreement. Dwight Dunlap, NRP cfo, said the company has its sights on new acquisitions, but declined further comment on the matter. As LMW went to press NRP announced the $53 million acquisition of two subsidiaries of Alpha Natural Resources.