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December 15, 2008

 Past Issues

Domestic Deals

LORD Corp. Seeking Funds in Quiet Deal

North Carolina-based diversified technology company LORD Corp. is seeking private funds via PNC Capital Markets, sources said. The deal has kept a low-profile in the relatively quiet private placement market because it is going out mostly to existing investors in LORD's debt.

International Deals

TD Securities Prices C$600 Million Pension Fund Deal

In a market where deals seem to be few and small, TD Securities last week priced a hefty C$600 million ($491.7 million) private placement for Canada's Public Sector Pension Investment Board.

News

ITC Midwest Gets a Bite of Private Funds

JPMorgan Securities priced a $75 million deal for ITC Midwest last week. The issuer is the second ITC Holdings to tap the private market in just over two weeks, and the deal continues the steady march of small utility first mortgage bonds which have kept the private market alive over the past two months.

Deutsche, Wells Fargo Team Up for PGE

Deutsche Bank and Wells Fargo priced a first mortgage bond for publicly-traded utility Portland General Electric Co. (PGE) last week. The company has tapped the private market for nearly $500 million in the past two years.

Buzz Box

Buzz Box

Terry Martin has left JPMorgan Securities where he was a managing director and head of the firm's private placement group.