* Bear Stearns has priced the debut $400 million collateralized loan obligation for Avenue Capital Group. The deal is called Avenue CLO Fund.
* As Loan Market Week was going to press a $103 million auction of GenHoldings bank debt was rumored to be in the works, according to a trader. The sale could not be confirmed. GenHoldings is a four-plant project developed by PG&E National Energy Group and has been transferred to its creditors. GenHoldings has $1.46 billion in debt led by Société Générale.