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  • Trading volume was low on the break of MultiPlan's $425 million term loan in the secondary market.
  • Water Pik Technologies' term loans traded above par on its break in the secondary market.
  • Winstar Communications' term loan traded up two-to-three points to trade as high as six on hopes that lenders would soon obtain a recovery on the loan.
  • UBS last week launched syndication of a $250 million deal to back the sale of the wire harness business of Viasystems Group to Electrical Components International Holdings Co., an affiliate of Francisco Partners.
  • GE Capital Markets and CIBC World Markets launched syndication of $144 million financing for United Central Industrial Supply to back its leveraged buyout by American Securities Capital Partners.
  • Nuance Communications' $355 million term loan broke at 101 1/4 in the secondary market last week.
  • Protection One received a $66.8 million add-on last Wednesday, increasing the size of its term loan to $300 million.
  • Michael Raynes has left Deutsche Bank to join Citigroup as managing director and head of global structured credit products, a division of global fixed-income.
  • HSBC this week launched Australian non-bank mortgage lender FirstMac's debut euro denominated securitisation, raising the equivalent of A$800m ($585m). FirstMac has issued eight MBS in Australian dollars.
  • Two Asian international bonds were priced this week in difficult market conditions — for the Hong Kong branch of Taiwan's Fubon Bank and Chinese property company Shanghai Real Estate — and a stream of transactions is expected next week, after the Easter holiday.
  • Hong Kong's loan market is getting ready for a clutch of deals from property companies as low rates and rising real estate prices tempt developers back to the market.
  • The $7.2bn five and seven year loan for Citic Pacific has attracted its first commitments in general syndication. The arrangers say a couple of institutions have already joined the deal and are expecting more to follow as other banks process internal credit approvals.