Last year about $140 billion in securities were privately placed.

Analysts say the institution owns more than $1 billion in privately placed securities, which are considered extremely risky because they do not trade easily.

The new market will build on an existing but tightly restricted market for privately placed securities.

Because the bonds were privately placed, interest rates were not publicly announced.

The series G preferred was issued and placed privately in 1989 when the bank went through a restructuring.

Then Kate found a privately placed notice at the bottom of the obituary page.

The stock was placed privately with no public offering made.

Now, institutional investors can buy privately placed securities and trade them freely with other institutions.

The privately placed bonds are issued by the Daughters to fund their capital investments.

But he said the market began to get the perception that they would be placed privately.