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FDIC Prices Second Note Offering

The Federal Deposit Insurance Corp. (FDIC) sold $1.37 billion of structured guaranteed notes backed by residential and construction loan assets from Corus Bank...

FDIC Prices First Note Offering

The Federal Deposit Insurance Corp. (FDIC), in an effort to get rid of residential and construction loan assets from failed banks, has priced two note offerings totaling $1.8 billion...

Barclays Working on Three FDIC 'Note' Deals

Barclays Capital is taking orders from investors on at least one Federal Deposit Insurance Corp. (FDIC) structured note deal with two others on the way...

RBS & Citi Price $300M Deal for Irving Oil

RBS Securities and Citigroup priced an upsized $300 million private placement for Canadian energy company, Irving Oil, Friday, a source familiar with the deal confirmed...

Wall Street's Lab

A specialized market that has for decades served as Wall Street's laboratory where new structures and issuers are introduced, private placements have become an important source of funding for companies looking to pay down debt, or what's come to be known by deal makers as 'The Wall of Maturities.'

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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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