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144As

News

Impact Prices Affordable Housing Deal

Impact Community Capital priced an affordable multifamily housing mortgage deal in excess of $302 million...

O Canada Where Art Thou?

Auto parts maker Linamar will be the first Canadian issuer in two months to tap the U.S. private bond market. As the year has progressed, our northern neighbors have shown less willingness to do business stateside because of opportunities in their local market…

Kilroy Realty, First Capital Price Rule 144A Deals

Kilroy Realty priced an offering of $250 million and First Capital completed a 3.5-year $100 million term securitization...

2009 Buyside Survey: Steady As She Goes

PPL’s 2009 Buyside Survey results are now available on the website…

Q&A: ABS 144A Transparency Clearly Beneficial

Like others in the securitization and private placement markets, John Loofbourrow is paying close attention to the Securities and Exchange Commission's proposed changes to disclosure regulations…

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Articles

Q&A: Ben Howe, CEO and Co-Founder of America's Growth Capital

Ben Howe, America's Growth Capital's chief executive and co-founder, has been in the investment banking world since the mid-1980s, during which time he has taken part in and completed more than 270 transactions. Last week, Howe sat down with PPL to talk about the private financing market, AGC's business, and how it has managed to grow amid turbulent times.

Private Market Analysis: Average 10-Year NAIC-2 Spread Widens More Than 200 bps Since August '07

The average new issue spread to U.S. Treasurys for 10-year, NAIC-2 traditional private paper has drifted out more than 200 basis points since August 2007, according to data from Private Placement Letter.

2008 Investors Survey Preview: MetLife, Prudential Stay on Top In Challenging Year

The results of the 2008 Investors Survey are in, and once again MetLife and Prudential Financial led the field by far. Both firms even managed to substantially increase their investments in private placements, in a year when the total amount of private placement issuance dropped off by more than 30% between the first and second halves of the year.

Citigroup Circulates First Mortgage Bond; BofA Working On Timber Deal

Deal flow continued to be sparse last week in the private placement market, however rumors were floating in the market about a first mortgage bond being led by Citigroup, and a timber deal from Banc of America Securities.

Utility Deals Provide Some Price Clarity, But Picture Still Not Good

Several utility deals in the public bond market over the past two weeks provided a better idea where bonds are pricing, however the added clarity has only confirmed the fact that the overall market is still unstable and spreads are still prohibitively wide for issuers.

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