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  • Citigroup's Melinda Weir, managing director, is set to head to London in April to be in charge of European loan sales.
  • The term loans for Intelsat and Panamsat traded down on news of a repricing;Tenaska, which came to market in December, was active trading around 125-130; UAL was trading around par 1/8-par 5/8 from par 7/8 to 101 3/8 on news pricing on the credit facility was being cut.
  • Invicta Credit, a credit derivative product company backed by Massachusetts Mutual Life Insurance Company, expects to do its first trade within the next few weeks.
  • Attachment points have been set for standardized tranches of the ABX.
  • Despite receiving a sluggish response from leveraged finance investors for its first buy-out in Asia, Bain Capital is determined to persist in the region.
  • Credit Suisse is in the market with a circa NZ$3bn equivalent loan for forest product company Carter Holt Harvey. The recapitalisation will allow owner Rank Group to extract a dividend. Syndication of the all-senior loan was launched at the end of December.
  • Asia's local currency bond markets got off to a strong start for the year, with several transactions launched in the first working days of the year.
  • Sole bookrunner ANZ has won the mandate to arrange and underwrite the financing backing the Republic of Singapore's funding of a 20 year project awarded to aerospace company Lockheed Martin.
  • Flat screen to computer storage maker BenQ's NT$7bn loan has been signed. The loan is split into a NT$4.2bn five year revolver and a NT$2.8bn five year revolver. Both tranches pay 55bp over the primary CP rate.
  • Far from being rushed off my feet, I've been taking advantage of the gentle start to this New Year to take stock of the last 12 months and draw up some useful resolutions for 2007. I imagine I'm not alone in doing so, particularly since most of my acquaintances in the Asian market hardly seem to have rushed back to the office.
  • EuroWeek hears that Bank Thai has agreed to sell a 24.99% stake to TPG Newbridge, the Asian arm of American private equity firm Texas Pacific Group.
  • Calyon, ING, Mizuho and Sumitomo Mitsui Banking Corporation have funded a $2.8bn one year bridge facility supporting the acquisition of Mirant's Philippines power assets.