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Private Placement Letter

Australia's GPT Upsizes PP to $175M

– The Sydney-based commercial property owner and manager was originally seeking $100 million.

Ansell Prices First Agented Deal

– Australian rubber glove manufacturer Ansell Ltd has raised $200 million on the U.S. private placement market, in a deal upsized from $125 million on the cover.

U.K.’s Devro Debuts with $100M PP

– Sausage casing maker and first-time issuer Devro plc has raised $100 million on the U.S. private placement market.

Aruba Returns to Warm Welcome

– The Government of Aruba last week priced a $97.2 million private bond that was upsized from $75 million originally.

Australia’s GPT Returns with $100M Deal

– The Sydney-based commercial property owner and manager seeks a 15-year maturity.

Repeat Issuer Credomatic Prices Upsized $350M PP

– Credomatic International Corp. priced an upsized, $350 million offering in the U.S. private debt placement market.

EC Plans Study of Europe's PP Markets

– The European Commission is planning to conduct study comparing practices in the region's local private placement markets with practices in other regions, such as the U.S., analyze their strengths and develop policy recommendations for replicating this success more widely.

Autoliv Raises $1.25B in a Deal Upsized by Five

– Automotive safety supplier AutoLiv Inc. tapped the U.S. private placement market for $1.25 billion last week, five times the size on its cover.

ClearBridge Energy MLP Raises $75M

– ClearBridge Energy MLP Fund has raised $75 million on the U.S. private placement market, according to a source with knowledge of the transaction.

Prudential Takes Bigger Bite Out of Market

– Private debt placement slowed in 2013, but Prudential Capital Group bucked the trend by taking a bigger bite out of the market.

Traditional PP Volume Down Slightly in 2013

– Traditional private placements of debt totalled $51.3 billion in 2013, falling short of the $54.2 billion completed in 2012, according to Thomson Reuters.

BAML Hangs on to Top Slot

– Bank of America Merrill Lynch held the top spot for traditional private placement league tables in 2014 for the 16th year running; JP Morgan held on to the number two spot, but Barclays moved up two spots to third.

DCC Comes Back to PP Market with $200M Deal

– Ireland’s DCC plc has returned to the private placement market with a $200 million deal co-agented by Barclays and JPMorgan Securities.

Dräxlmaier Drives Back to PP Market

– Repeat issuer The Dräxlmaier Group is looking to once again raise funds in the private placement market for the first time in four years, according to several industry sources.

First-Time Issuer DNP Raises $267M PP

– The closed-end investment company's offering was upsized from $75 million on the cover.