Enough is enough for Industrial Alliance Insurance and Financial Services, at least when it comes to public debt holdings. The Canadian insurance company's experience as a BCE bondholder has convinced its chief executive and president, Yvon Charest, to stick with debt private place-ments instead.
With the field of active bond insurers having thinned out and credit spreads still blown out, leading Turkish banks have yet to revive their structured finance programs.
The U.S. private placement market priced $2.87 billion worth of private paper last month, representing its highest monthly total since November and coming as a welcome change from a painfully slow winter...
Despite a flurry of new issuance late in the month, the U.S. private placement market priced only $435 million in February spread over three traditional private placements....
The U.S. private placement market priced $1.22 billion in new issuance last month, barely besting December's $1.075 billion, according to Private Placement Letter's data...