US PP market relishes its resilience, looks on to the March of Brexit

The US private placement (US PP) market considers itself well placed for the volatility surrounding Britain’s expected departure of the European Union on March 29, and participants expect additional deal flow as a consequence.

  • By Silas Brown
  • 06 Nov 2018

“Look at 2008,” said one US PP investor in London. “When public markets shut, the US PP stayed open — other markets will be much worse around March.”

In times of market turmoil, PPs are often the most stress free way to raise debt. Investors don’t mark securities ...

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5 Goldman Sachs 81,894.66 314 4.04%

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5 Citi 13,132.03 109 6.62%

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1 HSBC 28,248.54 116 6.15%
2 BNP Paribas 26,642.60 114 5.80%
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4 JPMorgan 25,634.91 84 5.58%
5 Deutsche Bank 24,198.66 96 5.27%