A tax exemption for U.K. private debt placements has prompted a group of large investors to set aside £9 billion (US$14.1 billion) for the nascent market.
Closed-end fund issuance in the private placement market is on course to surpass numbers reported in 2013, according to Fitch Ratings.
U.S. life insurers continue to modestly shift allocations into less liquid asset classes such as private placement corporate bonds as interest rates remain at historically low levels, according to Fitch Ratings.
The bonds, which mature in December 2020, were placed with European institutional investors.
Two leading trade groups have joined forces to establish a guide to best practices in Europes small but growing private placement market.
Caribbean Utilities Company
Kier Group plc
Independent Bank Corp.
Jardine Lloyd Thompson Group
Precinct Properties New Zealand
American Assets Trust
Brookfield District Energy
Smith & Nephew
Kayne Anderson MLP Investment Co.
CFS Retail Group
National Hockey League
Managing Director of Capital Markets
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