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  • UK chancellor of the exchequer Gordon Brown this week declared his intention to expand the fledgling International Finance Facility, which will securitise aid pledges to speed up the delivery of aid, in a bid to help bring primary education to every child in the world.
  • In mid-December Pramerica, the European trading name of Prudential Insurance USA, priced a Eu409.5m CLO through RBS Financial Markets. Dryden X issued both euro and sterling denominated notes.
  • The busy end of year CLO pipeline has leaked through to the first quarter of 2006, with a host of managers looking to bring deals to market.
  • Dresdner Bank is working on a Eu3bn securitisation of SME loans, which will use the True Sale International securitisation platform. This will be the first ABS transaction via the platform by one of its shareholders as well as the first TSI securitisation of corporate loans.
  • The British Property Federation is to voice concerns over the UK government's proposals for real estate investment trusts (Reits) when it submits its formal response later this month.
  • Uncertainty lingers still over the fate of Austrian asset manager Uniqa Alternative Investments and whether it will retain its management role of two CDOs following the loss of senior personnel at the firm.
  • Owens Corning's revolving credit soared seven points to the 146-147 range after the company filed an amended plan of reorganization.
  • The $335 million deal backing the dividend recap for Vertafore hit the market last week.
  • Visteon Corp. increased the size of its 18-month secured term loan on the back of strong interest from the market.
  • Amkor Technology recently completed two financings, one in the U.S. and one in Taiwan, in hopes of improving its liquidity.
  • The debt of U.S. auto suppliers climbed on positive industry sales figures last week.
  • The following directory includes year-to-date search and hire activity for high-yield, distressed debt and CDO managers. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated. To report manager hires and new searches, please call Kristen Haunss at (212) 224-3990, or fax (212) 224-3602.