Greentech Capital Advisors has nabbed Deutsche Bank private placement veteran Heather Smith to spearhead its efforts in the market
Some agents are using delayed draw downs as a selling point for the private placement market. But is it working?
Repeat issuer Peoples Gas taps private placement market
Aussie companies strut their stuff for the PP community to see how much interest they can generate
Australian airport operator tests the waters in U.S. private placement market
North Dakota-based electric cooperative Basin Electric Power got $150 million worth of private funds last week via JPMorgan Securities. The deal is the first private placement to price at a size over $100 million since September.
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-based electricity generation and transmission co-op Basin Electric Power Cooperative was in the market last week seeking private funds via JPMorgan Securities.
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.
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.