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  • General Motors Acceptance Corporation's 8% '31 notes traded up to over par after it was reported that its parent General Motors Corp.
  • Moody's Investors Service says the total dollar volume of corporate bond defaults jumped in 2005, even though the number of issuers defaulting on corporate bonds fell for the fourth year in a row.
  • Citigroup, JPMorgan and The Royal Bank of Scotland are leading a $1.3 billion interim credit facility for Nortel Networks.
  • AMC Entertainment's $650 million term loan broke at 100 3/4 and traded up into the 101 ­ 101 1/4 context.
  • A consortium of eight banks is backing a $5 billion deal for Mexican oil company Petróleos Mexicanos.
  • Five banks last week launched syndication of $21 billion in loans for Time Warner.
  • Mark Davies is now the sole head of credit trading at Bear Stearns following the departure of Kelley Millet (CIN, 1/30).
  • The Bond Market Association is celebrating its 30th anniversary by laying out its future path and continued transparency is one of the main stepping stones.
  • Calpine Corp.'s second-lien loan traded up into the 91-92 range from the 85-86 context a week earlier.
  • Credit Suisse is leading syndication of $385 million in loans backing the acquisition of Olympia by an affiliate of Boca Raton, Fla.-based Sun Capital Partners.
  • Attractive conditions in the bank market helped The Ryland Group gain cheaper financing on its new revolving credit facility.
  • UAL Corp.'s $2.8 billion term loan, which is part of the airline's exit financing, broke in the secondary market at 101 1/4 last week.