WSJ: Sallie Mae Waits In The Wings As Debt Issues Soar
The WSJ , in its stock market quarterly review, has a story (subscription required) recapping the recent surge in buyout-financing, which it says "helped send the volume of new stock-and-bond issues up 16% to $2.26 trillion in the quarter, compared with $1.94 trillion in the second quarter of 2006, according to Thomson Financial, which tracks new issues.
What started as a "frothy" quarter for debt issues ended with the markets being tested, the piece says. The story reminds readers that they are at least several big deals still to be financed, including a $4 billion deal to take SLM Corp. private.
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