Lender
The entity or entities, typically commercial banks, which purchases the bonds pursuant to a private placement for its own portfolio.
bond-basics
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
Private Placement or Direct Purchase
The negotiated offering of a new issue of bonds directly to one or a limited number of purchasers without using an underwriter.
Start with the Bond Basics
Hundreds of Terms and Concepts
Form 8038 (IRS)
Form required to establish and maintain the federal income tax-exempt status of the interest on tax-exempt bonds. Known as Form 8038-G for governmental bonds.