Sign up today and take advantage of member-only content — the kind of timely, cutting edge industry insight that only PrivatePlacementLetter.com can deliver.

• Exclusive Online Only Content
• Weekly Email News Alerts
• Industry White Papers

CDOs & Asset Backed Deal Category

News

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.

More

Articles

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.

Private Market Plays All-Too-Familiar 'Waiting Game'

It was another quiet week in the U.S. private placement market, as price uncertainty kept issuer's on the sidelines. As of Thursday afternoon, not a single deal had priced, and not a single new one had launched.

More