Enough is enough for Industrial Alliance Insurance and Financial Services, at least when it comes to public debt holdings. The Canadian insurance company's experience as a BCE bondholder has convinced its chief executive and president, Yvon Charest, to stick with debt private place-ments instead.
Secondary private transaction volume for unregistered securities in US private companies increased by about 140% in 2007, to $3 billion, according to a research report from NYPPEX Private Markets.
Tougher financing conditions, coupled with doubts over the return of looser credit, are drawing the leading Brazilian banks back to structured finance.
Wachovia Securities was in the market last week with a first mortgage bond deal for Napierville, Ill.-based Nicor Gas, sources said...
While one could hardly call the CLO market healthy, the rumors of its demise may be slightly exaggerated....