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Credit Tenant Leases: The Phoenix from CMBS Ashes

The CMBS market’s loss seems to be the CTL market’s gain. With most forms of financing for the commercial real estate market shut, investment-grade single-tenant properties on the CTL market turn to…

Mesirow Hires Veteran, Starts CTL Group

Mesirow Financial hires old hand at CTL to enhance its fixed income capabilities…

Canada’s Junk Bond Market Hits Growth Spurt

Junk bond issuance in Canada isn’t big, but it is growing, say market watchers north of the border…

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...

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Articles

Buzz Box

For the record...energy company Avista Corp. tapped the private placement market for $30 million in a first mortgage bond via KeyBanc Capital Markets in late December.

Private Market Shows Signs of Vigor

With the New Year just one full week old, the private placement market is already showing signs of a solid start to 2009. On the back of a strong week in the public market-with a variety of large deals having priced-chatter about upcoming private placements abounded.

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.

Buzz Box

JPMorgan Securities wrapped up its $50 million first mortgage bond for Michigan Electric Transmission Co. (METC) last week, and BofA prices deal for MLB.

PIPE Down

In what could be the highest-profile insider trading case since Martha Stewart, Internet millionaire and NBA franchise owner Mark Cuban was charged with selling shares of Mamma.com Inc. after receiving non-public information about a proposed private investment in public equity (PIPE) investment.

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