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Forget bonds, the PP market’s biggest threat is its largest investors

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By Silas Brown
15 Jun 2021

The largest institutional investors in the private placement market have the cash and, increasingly, the origination capabilities to draw companies into bilateral and club trades. If these whales can show companies there is no pricing pick-up over syndicated deals, the broader market is bound to lose ground.

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By Silas Brown
15 Jun 2021