Lender
The entity or entities, typically commercial banks, which purchases the bonds pursuant to a private placement for its own portfolio.
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
The entity or entities, typically commercial banks, which purchases the bonds pursuant to a private placement for its own portfolio.
A type of offering document used in a private placement.
Any use of Bond proceeds in a trade or business carried on by a person other than a governmental unit. The private business tests are used in part to establish whether a bond is a private activity bond (PAB).