Impact Community Capital priced an affordable multifamily housing mortgage deal in excess of $302 million...
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 priced an offering of $250 million and First Capital completed a 3.5-year $100 million term securitization...
PPLs 2009 Buyside Survey results are now available on the website
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
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.
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.
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.
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.
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.