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  • A single Asian investor bought a $5bn package of callable interest rate range accrual notes issued by Freddie Mac, Fannie Mae and the Federal Home Loan Banks from their global debt issuance programmes on Wednesday, said dealers in London.
  • Food company and agribusiness Bunge Finance Europe has signed a $600m revolver via bookrunners BNP Paribas and HSBC. The three year loan raised more than $700m during syndication and was increased from $400m.
  • The car manufacturers and fixed line telecom providers once again led the lists of the most actively traded CDS sectors in the US and Europe respectively in December, according to data released this week by CDS broker GFI.
  • The car manufacturers and fixed line telecom providers once again led the lists of the most actively traded CDS sectors in the US and Europe respectively in December, according to data released this week by CDS broker GFI.
  • The leveraged loan market in western Europe had a bumper 12 months in 2006 compared with the previous year, according to league tables from Dealogic — there were some $71bn more deals than last year.
  • Rating: AAA
  • Calyon priced its first conduit CMBS in December, secured on French, Dutch and Spanish properties.
  • At the end of 2006 Calyon issued two large synthetic balance sheet CLOs to remove credit risk from its books. The two transactions, of Eu4bn and $2.5bn, are structured exactly the same, though they reference different dynamically managed pools of obligations.
  • Dexia Crédit Local closed the first CDO backed by wrapped infrastructure bonds at the end of December.
  • JP Morgan and Dexia Crediop closed a Eu198.3m securitisation of healthcare receivables for the Italian region of Lazio on December 22.
  • Credit Suisse and Eurohypo launched German CMBS transactions at the end of last year. Both transactions were priced at the wide ends of price talk at senior levels as deals competed for attention in a busy market.
  • Deutsche Bank priced Austria's first public-private partnership bond this week, subscribing to a Eu425m variable funding note issued by SPV Ostregion Investmentgesellschaft Nr 1 SA.