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  • Bear Stearns Asset Management is looking to build its assets under management to $3.5 billion and grow its non-collateralized loan obligation products, such as single and commingled accounts.
  • Banc of America Securities and Credit Suisse First Boston are providing Carter's, a branded marketer of children's apparel, with a $625 million credit facility to finance the $307.1 million acquisition of OshKosh B'Gosh.
  • Bank of America has closed a five-year, $350 million revolver for Casella Waste Systems that repays the company's previous institutional debt and sets the table for future acquisitions.
  • Citigroup Asset Management in London is continuing to hire professionals from Credit Suisse Asset Management and has nabbed emerging market and high-yield credit veteran Jana Benesova-Tuma.
  • Citigroup is leading an asset-based facility for beef processing company Swift & Co.
  • Coleto Creek is looking to amend its $460 million credit facility to pay a $50 million special dividend.
  • Credit Suisse First Boston has come out with a new biweekly report on the collateralized debt obligation market.
  • Wall Street analysts are beginning to quantify the extent to which the recent downgrade of General Motors and Ford Motor Co. to below investment-grade by Standard & Poor's will spur the automakers to increase their secured funding.
  • Deerfield Capital Management is close to raising a new $300 million collateralized loan obligation called Market Square CLO.
  • Revaluation of China's currency could reduce exports growth by 10% in 2005
  • Japan has written off USD 104.33mn of the debt of the state union of Serbia-Montenegro
  • The $ 10 billion stand-by agreement is approved, Turkey has agreed to a 6.5% fiscal surplus target