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CDOs & Asset Backed

News

FDIC Peddles MBS Backed by Performing Loans

The FDIC looks to sell a MBS collateralized by at least $500 million of performing residential whole loans through a private placement deal...

Argentina's Chubut Debuts in Royalty-Backed Sector

As of press time, the Argentina province of Chubut was approaching issuance of a deal backed by oil and gas royalties...

SocGen Appoints U.S. Loan Sales/Trading Head

SG CIB appointed Naseem Haffar as its U.S. head of loan sales and trading...

For the Record…Interbank Does $121.2 Million DPR

Banco Internacional del Peru, or Interbank, got $121.2 million in funds backed by diversified payment rights (DPR) earlier this month...

Mitsubishi UFJ Hires Private Placement Pro From Nomura

Mitsubishi UFJ Securities (USA) Inc. said on Tuesday that it hired Conrad Owen to run its new Private Capital Markets group, a move that is designed to expand into an area of finance that is expected to see heightened activity amid tightening credit market conditions.

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Articles

October/November Recap

The U.S. private placement market priced a mere $434 million between October and November, according to data tracked by Private Placement Letter. All six deals during the two months were at the $150 million level or below, and all were from domestic issuers.

Cabot Oil & Gas Gets Funds via JPM; Allete Prices

JPMorgan Securities kept the private market alive late last week with a transaction for Cabot Oil & Gas Corp., sources said. Banc of America Securities also finalized its first mortgage deal for energy services company Allete Inc.

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.

Barclays Reshuffles PP Team in Wake of Lehman Buyout

London-based Barclays Capital has rearranged its private placement team in the wake of last month's buyout of Lehman Brothers. If it is normally said that 'to the victor belong the spoils,' it is not necessarily so in this situation; Barclays has dismissed one of its group co-heads and placed a Lehman staffer at the head of the group and in other key positions.

September Recap: Private Market Prices Healthy Spate Of Deals

The U.S. private placement market priced a healthy $2.34 billion in September, representing a year-over-year increase of more than 20%. The month's nine deals were spread across a diverse mix of industries and five were from domestic issuers, with the rest coming from Australia, Canada, and the U.K.

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