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Debt Private Placements - an extract from a major bank

As a market leader in private placements, Banc of America Securities consistently ranks first among placement agents for straight corporate debt private placements.

Their services to issuer and institutional investor clients include transaction structuring, execution, investor development and monitoring. An innovator in the market, they have aided issuer access to the markets through prepackaged documentation, master note agreements, and note auctions. They have long-standing relationships with hundreds of institutional investors, representing an important source of transactions for insurance companies, pension funds, mezzanine and equity funds, investment managers, banks, and finance companies.

Private placements allow the issuer to avoid the time and expense of SEC registration by placing securities directly with institutional investors. As such, a private placement is a very efficient instrument for raising capital.

They can work closely with you to uncover the factors that differentiate your company in a crowded marketplace, and prepare high-quality offering materials to attract and hold investors' attention. Thanks to our strong position on the buy side, the issuer gains superior information for their debt issues regarding pricing and covenant requirements that will clear the market. They aggressively support the offerings they bring to the market through their substantial sales network.

Above all, their relationship approach to corporate finance ensures that you receive balanced, objective advice.

Debt Private Placement Products

Banc of America Securities provides a comprehensive array of debt products, including:

  • Senior notes

  • Master note programs

  • Medium-term notes

  • Senior secured notes

  • Subordinated notes

  • Collateralized bond obligations

  • Mezzanine (high yield) structures

Recommended further reading:
1996 Survey of Corporate Medium-Term Notes
Cashing negotiable instruments
The Money Market
Behind the Money Market:  Clearing and Settling Money Market Instruments
Books on Financial Instruments