I consult direct to a Qualified Institutional Buyer for Notes and Bonds.
My Client's investment criteria is as follows:
Rated S&P A or better,
Plain Vanilla Senior Debt,
Fixed Coupon only,
Maturity Date 10-yrs or less,
Denominated in either USD or euros only,
10M minimum trade, 500M daily maximum volume,
Secondary Market Product only,(issue must be already fully subscribed by Primary Market, i.e. no "fresh cut" or "slightly seasoned"),
Non-Callable,
Non-Structured,
Non-Credit Linked,
Non-Perpetual,
Non-Variable Rate,
Institutional DVP basis only,(i.e. buyer does not give fill or kill orders, or enter into supply contracts)
Offers must include; ISIN, exact deliverable volume ready to trade, sellers firm net pricing. Bank to bank confirmation, after Buyer (licensed securities trader pre-confirms by phone call to seller's current custody officer or trading agent that offer is in fact deliverable),
A confirmed DVP is arranged and settled via buy ticket from the New York institutional desks of either RBC or DBA.B, or the North American UBS desk in Connecticut.
In the event of 144A paper or a closing that is required in Europe then the London UK desks of either Barclays or Credit Suisse will confirm, arrange and settle.
NOTE: Offers need to be priced slightly better than current institutional market for similarly rated, termed and couponed paper.
CONTACT: off board ONLY.......... SOMA@safe-mail.net
Scoring disabled. You must be logged in to score posts.
Re: Seeking REAL large block offers for Notes and Bonds
No score for this post
August 25 2009, 11:53 AM
Soma, are you working with/for Ricahrd Carruthers? If you are, maybe you already know he's a clueless muppet.....
And if you don't already know that (but your post looks suspiciously like the tripe that Richard C comes up with) please could you tell me why, in a sellers market, that a seller would accept less than market value for his bonds?
Scoring disabled. You must be logged in to score posts.
Re: Seeking REAL large block offers for Notes and Bonds
No score for this post
August 25 2009, 11:53 AM
Soma, are you working with/for Ricahrd Carruthers? If you are, maybe you already know he's a clueless muppet.....
And if you don't already know that (but your post looks suspiciously like the tripe that Richard C comes up with) please could you tell me why, in a sellers market, that a seller would accept less than market value for his bonds?
Scoring disabled. You must be logged in to score posts.
What if he throws in a surf trip to Kirra (AUS)?
In his defense he asked really.. really...really nice for sub-par pricing? Does that not get him the price break he's looking for?
What is the world coming to that you can not ask nicely for a price break and Not recieve it?
I tell you its terrible.. the state of the world is slipping into dis-repair..
How about a 1+1+1+1+1+1 structure for a sub-par priced ZZZ- Rated junk bond?
Ok.. I am stoping before I get to carried away.. My best to you "G"..
JW
Scoring disabled. You must be logged in to score posts.
No, I am not this Carruthers, and I do not know who this person is.
Yes, I am the originating author for the text of my post.
"Private" and "Estate" sales of securities portfolios do occur occasionally at slight to market discounts. These sellers have their own reasons for doing so.
Scoring disabled. You must be logged in to score posts.
Re: Seeking REAL large block offers for Notes and Bonds
No score for this post
August 25 2009, 5:35 PM
Soma, "Private" and "Estate" sales are no different to any other sales. Any bank with a bond desk will get market prices for the sellers, all day every day.
I can just see the following happening...
Lawyer 1: My clients estate needs to get rid of 20 billion of 10 year MTN's.
Lawyer 2: Ok, here's the number of Bill Gross at PIMCO, he'll help you out.
Lawyer 1: No, I won't go to the one of the biggest bond guys in the world, i'd rather go to a banking forum and see what interest I can get there.
Aye, that's really going to happen!
Also, and this is aimed at joker brokers everywhere trying to trade bonds, there is no official "market price" of a bond. Market makers will set out their bid's and offers, but there is no official single quoted price of a bond. Often the price you see on Bloomberg will be some sort of average price but will probably take into account some phoney prices put up by market makers. This is especially true at present in the corp bond markert.
Scoring disabled. You must be logged in to score posts.
will (Login clearverbiage) Banking Forum Group 220.255.7.208
Huh..........
No score for this post
August 25 2009, 7:09 PM
Soma,
it is a sellers market and those who are sitting on notes, goooooood
notes love the warm and fuzzy feeeeeeling that comes with it.
The question that pops to mind is, who put you up to it???
You'll be lucky if you get 5 basis points on a mega block and the only
route is soverigen funds.
Mind you, these guys can buy your buyer, and with the recovery, some
may release for liquidity.
That is a different level and a play for major league lenders of choice.
You don't need to get papers for these dudes.
paper garvitate to em.
I suggest that you learn the business, the limits and
the necessary registrations you need to have to stand in line
for the crumbs.
Eagle may know what is going on with Madam's plan in .sg.
Everyone is looking for large blocks as you describe and that
post of yours id fodder for Joker brokers and Up Front Fee Scammers.
Reality Sucks.
will
Scoring disabled. You must be logged in to score posts.
Attorney 1: I need to dump $20M worth of assets.
Attorney 2: Contact xxxx and his firm will get you, "at least", Par Value.
Attorney 1: No. My client is not interested in Par Value, he is willing to take a loss.
Attorney 2: Why take a loss?
Attorney 1: Because he does not want to make money...he wants to make "friends".......
Scoring disabled. You must be logged in to score posts.
