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


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

Hudson Yards Rail Yards

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