|
|
 |
| |
|
Home > Financial Services > Stock Brokers > Killarney Securities Corporation
Killarney Securities Corporation
Killarney Securities Corporation is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
Killarney Securities Corporation, the Group's broker or dealer affiliate, arranges private placements of debt, preferred stock, and equity.Private placement services include placement of taxable and tax-exempt debt with major institutional investors such as bond funds, casualty companies, life insurance companies, pension funds, and Real Estate Investment Trusts, structuring of placements of preferred stock, usually in the form of mezzanine financing and the arrangement of the financing terms and subsequent placement of equity investments.
Killarney designs derivative programs for clients seeking to hedge floating rate debt as well as for clients interested in converting a fixed rate debt issue into a floating rate issue. In addition to the fairly standard hedging techniques, Killarney professionals also assist clients to augment their programs with knock-out options to further reduce the cost of hedging without materially increasing the client’s market risk.
The investment banking firm approached a major university and suggested that the university could derive significant savings from a forward refunding of its outstanding bonds. The university would sell bonds for delivery in six months at a specified rate today, thereby locking in interest savings. These savings could not be obtained through the traditional advance refunding techniques due to tax law constraints.
They assist their client to structure a financing whereby a newly formed nonprofit corporation acquired the assets of the target facility. This new corporation financed the purchase price of these assets with the proceeds of a tax-exempt bond issue which in turn was secured by a pledge of the revenues generated by the new operating company. In order to reduce the capital costs of this transaction, they also negotiated an agreement with a major bond insurer to insure the bond issue with only a minor contingent risk on their client's part. The firm will only take on a new client if we can ensure that the new assignment will not cause a potential conflict of interest with an existing client.
The company's goal is to have steady growth through working closely with their customers to help them succeed.
Financial Services Companies
all are here at FinancialBrowsers.com Permission is granted to reproduce this article as long as the above resource paragraph is left intact with active links.
Back to Stock Brokers
|
|
|
|
|
|
|