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NAB Shops Deal For Aussie Mining Co.

National Australia Bank was in the market last week with a small private placement for Australia-based mining company Iluka Resources Ltd. When it prices it will be one of only three Aussie deals to price in what has been a turbulent half with few foreign deals hitting the market.

North Dakota Electric Co-Op in Market via JPMorgan

North Dakota-based electricity generation and transmission co-op Basin Electric Power Cooperative was in the market last week seeking private funds via JPMorgan Securities.

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.

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.

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.

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