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November 24, 2008

Past Issues

Domestic Deals

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.

International Deals

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.

News

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.

Buzz Box

Buzz Box

Genworth Financial has named Ronald Joelson its new chief investment officer. Joelson joins Genworth from JPMorgan Asset Management where he was managing director of insurance strategic markets since July 2007.