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  • Delta Lloyd is planning its second pure NHG deal through its multi-purpose issuer SPV Darts Finance BV. The Eu1bn issue comprises assets from the Amstelhuys 2005 NHG Pool, originated by Delta Lloyd's subsidiary Amstelhuys NV.
  • Fiscal targets set to pose biggest challenge
  • Parliament agrees on IMF-backed draft law
  • Tony Malloy, a six-year veteran at New York Life Investment Management, has been promoted to senior managing director and head of NYLIM Securities Investment Group.
  • A $600 million dividend recap for Rhodes Homes hit the market last Tuesday with Credit Suisse First Boston driving the deal.
  • The following directory includes year-to-date search and hire activity for high-yield, distressed debt and CDO managers. The accuracy of the information, which is derived from many sources, is deemed reliable but cannot be guaranteed. All amounts are in US$ millions unless otherwise stated. To report manager hires and new searches, please call Kristen Haunss at (212) 224-3990, or fax (212) 224-3602.
  • The International Swaps and Derivatives Association is expected to prepare an index protocol soon to help investors deal with trade settlement issues that have arisen in the wake of Delphi's bankruptcy filing.
  • Delphi's bankruptcy filing should not have a negative impact on United States collateralized debt obligations that have exposure to the struggling auto parts supplier, according to Fitch Ratings.
  • A new proposed bid for Drax Power by a consortium of private equity firms caused Drax's A2 and A3 bank debt to trade up nine points to 407.
  • General Motors' bank debt and bonds traded down after Delphi, its largest customer, filed for bankruptcy.
  • Fixed-income powerhouse III Offshore Advisors is planning to launch a credit derivatives arbitrage fund next month.
  • Intermet Corp., a Troy, Mich.-based company that produces critical safety components for cars, secured $285 million in exit financing from Goldman Sachs last week.