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RBS priced a $235 million deal for Australia's Computershare, a financial market services and technology provider for the global securities industry.

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Banc of America Securities priced a $150 million deal for Australian company OneSteel, a manufacturer of steel long products and a metals distribution company. The agent structured the deal in a seven-year tranche that priced with a 7% coupon; a10-year tranche that priced with a 7.33% coupon; and a 12-year tranche that priced with a 7.43% coupon, sources said. The company manages more than A$6 billion ($5.6 billion) in assets. It is viewed as a NAIC-2 type issuer.

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Dual agents Citi and JPMorgan Securities priced an upsized $350 million deal in the private placement market last week for Alliance Resource Partners, according to sources.

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Banc of America Securities priced an upsized $325 million deal last week for Cleveland-Cliffs, an international mining company and the largest producer of iron ore pellets in North America, market sources said. The Cleveland, Ohio-based company originally intended to raise $200 million. The agent placed the deal in a five-year tranche that priced at 300 basis points over Treasurys and a seven-year tranche that also priced at 300 basis points over the same benchmark, according to sources.

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The Private Placement Investors Association (PPIA) will hold its annual meeting July 21 and 22. Investors from 36 member institutions are scheduled to attend the two-day meeting in Orlando. Member institutions include most of the life insurance and retirement services companies and/or their investment subsidiaries that are active investors in the private placement market. The industry association was created four years ago to promote private placements, says Loc McNew, president of the PPIA and head of private placements at AIG Investments.

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