Lender
The entity or entities, typically commercial banks, which purchases the bonds pursuant to a private placement for its own portfolio.
bond-basics
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. The Bond purchasers are typically institutional or private investors who may agree to restrictions as to resale, and the purchasers may be required to sign an agreement acknowledging these transfer restrictions.
See Also
Private Placement Memorandum
A type of offering document used in a private placement.
Start with the Bond Basics
Hundreds of Terms and Concepts
Stickering or Supplementing
Amending or supplementing a preliminary official statement or an official statement, typically to provide information about new developments or updated information affecting the issuer, the conduit borrower, or the bond issue.