The entity or entities, typically commercial banks, which purchases the bonds pursuant to a private placement for its own portfolio.
Responsibilities of Lender’s Counsel include reviewing transaction documents, advising the Lender on the applicability of federal and state securities laws, drafting continuing covenant agreements, if applicable, and ensuring compliance with the Lender’s internal policies and procedures.
Life’s a Party
Learn more about the various parties involved in a municipal securities transaction and their roles.
The negotiated offering of a new issue of bonds directly to one or a limited number of purchasers without using an underwriter.