December 8, 2008 |
Past Issues |
The U.S. private placement market priced a mere $434 million between October and November, according to data tracked by Private Placement Letter. All six deals during the two months were at the $150 million level or below, and all were from domestic issuers.
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.
JPMorgan Securities wrapped up its $50 million first mortgage bond for Michigan Electric Transmission Co. (METC) last week, and BofA prices deal for MLB.