Branzoli, Nicola; Guazzarotti, Giovanni - Banca d'Italia - 2015
their uptake in Europe. A private placement is a method of financing used mainly by medium-sized companies which, unable to … access the public bond market, turn to one or more large institutional investors. Compared to a public offering, a private … placement is characterized by: i) lower costs of issue, ii) greater contractual flexibility, iii) lower size and lower secondary …