Auto parts maker Linamar will be the first Canadian issuer in two months to tap the U.S. private bond market. As the year has progressed, our northern neighbors have shown less willingness to do business stateside because of opportunities in their local market
Project financing attorney, Ellis Butler, talks about raising project funding on the private bond market and what sectors will be popular
Considering last month went down as the worst for the Dow Jones Industrial Average since the 1940s, the private bond market didnt fare too badly.
Nassau Airport taps private market for $165 million in coupon based deal
Last weeks excitement over airport issuers has been replaced by the reality of pricing these deals...
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.