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Deutsche Bank and Bank of America last Wednesday launched syndication of a refinancing deal for Fairchild Semiconductor International.

Goldman Sachs and Credit Suisse are set to launch syndication Thursday of a $1.17 billion financing to back American National Power's acquisition of Coleto Creek.

Interline Brands hit the bank market last Thursday for a new $355 million credit.

A number of global 10-year synthetic collateralized debt obligations referencing Japanese credits have come to the market, driving a pickup in credit default swap activity.

The loan-only credit default swaps of Mirant widened to 110-130 after it made a bid for NRG Energy, a trader said. NRG was trading a "little bit better," according to another trader.

Misys Banking Systems and IntraLinks have launched LenderBridge, a connector between the loan management system, Misys Loan IQ, and the IntraLinks platform.

Moody's Investors Service is expected to publish as early as this week a road map detailing the implementation regarding its new ratings methodology.

The $750 million SUPERVALU term loan "B" traded heavily on the break last week, according to traders, trading up to 100 1/4.

Youth and Family Centered Services (YFCS) is looking to tap the bank market for $170 million in senior secured facilities to back its purchase of Ascent Behavioral Health.

The death toll from last weekend's earthquake in Indonesia, has risen to over 6,000. Indonesia's Social Affairs Ministry reported that apart from the loss of lives massive, 67,000 homes have been destroyed and a further 72000 homes have been severely damaged. The Asian Development Bank has offered the Indonesian government financial assistance of $60 million. The Indonesian government said the economic loss is around $100 million.

The People's Bank of China promised to "proactively" tackle excess liquidity, setting out an aggressive intention to deal with the Achilles heel of the economy. Possible options include additional increases in borrowing costs to follow a surprise rate hike in April and/or a tightening of restrictions on lenders.

Indonesian banks underperformed the broader Jakarta Composite Index by 16% in 2005—although that is not surprising in the context of a bad year determined by a weak currency, high interest rates and inflationary pressures. But the banks are bouncing back. "Yes, the banks' share prices have rebounded from their low in November, but their performance was merely in line with the market due to improved confidence following the cabinet reshuffle," says Liny Halim, bank analyst at Macquarie Securities in Jakarta. She expects the banks to fulfil her January profit upgrades of 19% in 2006 and 17% in 2007—reflecting higher loan growth, higher margin, mark-to-market bond gains and lower bad-debt charges. That is without a few predicted regulatory improvements—namely, non-performing loan (NPL) reclassification and lower reserve requirements.