November 17, 2008 |
Past Issues |
JPMorgan Securities kept the private market alive late last week with a transaction for Cabot Oil & Gas Corp., sources said. Banc of America Securities also finalized its first mortgage deal for energy services company Allete Inc.
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.
New York Life Investment Management has officially announced the hire of Gail McDermott to its fixed income investors group as managing director and head of private finance.