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March 5, 2010

 Past Issues

Cover Story

Scoping the Tech Horizon

For all the bullishness over tech M&A, no one seems ready to proclaim the market fully open, nor does anyone predict another banner year like 2007, when $193 billion of tech transactions were completed.

Capital Markets

Looking Ahead

Calendar of important events taking place in the capital markets next week.

Quoted

Notable quotes from capital-markets players during the past week.

Financial Services

Understanding the FDIC’s Pay Proposals

New regulations would reward management, but would they create overlap with other regulatory regimes?

Fixed Income

D.C. Sets $696M Refunding to Stay Under Its Debt Cap

The District of Columbia on Tuesday expects to issue $711.2 million of income-tax secured revenue bonds, including $696 million of refunding bonds that will reduce outstanding debt to keep the city under its 12% debt-to-expenditures cap.

House Bill Offers Bond Boost

The House approved a revised jobs bill that would allow issuers selling four types of tax-credit bonds to receive a direct Build America Bond-style subsidy payment from the federal government at a far higher rate than was proposed in the Senate version of the bill.

California Ready for Its Return to GOs

After a legislative kerfuffle that caused a one-week delay, California is on track to return to the bond market with a $2 billion general obligation bond deal.

Yields Drop as Market Continues to Stay Firm

The Bond Buyer’s weekly yield indexes declined this week, as the tax-exempt market firmed slightly in each of the week’s sessions.

Declining Investment Earnings Add to the Pain

State and local governments are getting very little help from earnings on their investments at the precise time they need it most.

Investment Banking

A Consumer Sector with a Healthy M&A Appetite

Food-and-beverage companies are seeking both product growth and distribution efficiency through acquisitions.

Agribusiness Banking Crops Up Anew on Wall Street

Investment bankers have found that, at a time when food commodity prices are above historical levels, interest is heightened in cross-border transactions among agribusiness companies.

Personnel File

Arriving in Familiar Territory

Shannon Lowry Nagle’s first day as a partner in Fried, Frank, Harris, Shriver & Jacobson’s bankruptcy and restructuring practice may have been this week, but she’s no stranger to Fried Frank partners such as Gary Kaplan and Brad Eric Scheler.

Private Equity

PE’s New Deal Flavor: Joint Ventures

With debt financing still tough to come by, private-equity investors are teaming up with deep-pocketed corporations to find new transactions and help finance their deals.

Structured Finance

Junking Your Way Out of Chapter 11

More bankrupt companies are considering junk bonds to finance their exits, but while high-yield issues provide more flexibility and other advantages for debt-laden issuers, they are not a panacea and aren’t applicable to all businesses, market participants say.

Securities in Registration

Securities In Registration

The following is a list of planned new offerings that have been registered with the SEC in the past month, but have not yet come to market. Deals that have been withdrawn are excluded.