Search results for

Loan-only credit default swap spreads widened 15 to 30 basis points across the board last week because of the volatility in the stock markets, said a trader.

The Loan Syndications and Trading Association published an exposure draft of a physical settlement rider to the loan-only credit default swap confirm and is excepting comments on the exposure draft until June 16.

The Loan Syndications and Trading Association has published a set of guidelines for agencies to follow when designing splash pages ­introductory pages to Web sites that loan participants log onto to participate in loans during syndication.

Simmons Bedding Co.'s new $492 million term loan "D" was mostly inactive after it broke in the secondary last week, according to traders.

Credit Suisse last week launched syndication of financing to back the acquisition of eight trade shows and one magazine from Reed Elsevier by Canon Communications, an Apprise Media company.

The following directory includes year-to-date search and hire activity for high-yield, distressed debt and CDO managers. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated. To report manager hires and new searches, please call Kristen Haunss at (212) 224-3990, or fax (212) 224-3602.

AttachmateWRQ has turned to Credit Suisse and UBS to provide the financing to back its approximately $495 million acquisition of NetIQ.

Education Management Corp.'s $1.185 billion term loan broke at 100 1/4 in an overall weaker secondary market last Tuesday.

Global Automotive Logistics' bank debt plunged to 82 from the mid-90s after the French auto supplier's shareholders sought bankruptcy protection.

The International Swaps and Derivatives Association is set to release a draft template this week for trading credit default swaps on tranches of collateralized debt obligations.

Standard and Poor’s affirmed its A-/A-2 foreign currency and A+/A-1 local currency sovereign ratings for Malaysia, with a stable outlook. The rating report said that Malaysia's external liquidity position continue to remain strong, supporting the credit rating. Current account surpluses, registered since 1998, are expected to continue; though more moderate in size. Malaysia's external flexibility is reinforced by its net external creditor position in the public sector. Malaysia’s rating is constrained by a weaker fiscal position relative to most peers. The deficit, at 3.4% of GDP, is considerably above the current median of 1.3% for A- rated sovereigns.

Since the end of 2005, spreads for sovereign, supranational and agency borrowers have been improving in euros and deteriorating in dollars. Meanwhile, a shift in the basis swap has made it more costly for European issuers to borrow across the Atlantic. Hélène Durand asks whether funding levels in the euro market are catching up with the dollar market, and asks how far spread tightening can go.