Lender’s Counsel

An attorney or firm of attorneys engaged to represent the Lender in a Private Placement.

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.

See Also


The entity or entities, typically commercial banks, which purchases the bonds pursuant to a private placement for its own portfolio.

Hudson Yards Rail Yards

Start with the Bond Basics

Bond Trustee

A trustee specifically acting in such capacity with respect to an indenture or trust indenture/agreement.