INTL FCStone Securities Inc. Arranges $35 Million of Junior Notes for South
NEW YORK, Dec. 26, 2012 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL)
today announced that its wholly owned subsidiary, INTL FCStone Securities Inc.
(member FINRA/SIPC), arranged US$35 million in Junior Notes for South Street
Securities Funding LLC, parent company to South Street Securities LLC.
South Street Securities is a leading provider of U.S. Treasury and Agency repo
financing to the financial industry running a multi-billion dollar
Jim Tabacchi, President and CEO of South Street Securities, said, "the South
Street team is pleased with the additional opportunity this fresh capital
brings as we enter into 2013 and beyond." The new capital allows South Street
Securities to expand the services it provides its customers and strengthens
the company's position as it continues to provide financing services to
regional banks and dealers, municipal governments, pension funds and other
Steve Carlson, CEO of the Investment Banking Division of INTL FCStone
Securities, Inc., said, "it has been a privilege working with Jim and South
Street Securities. South Street Securities is a stand out performer in the
financial services space, a completely unique repo-only financing vehicle."
About South Street Securities LLC
South Street Securities LLC is a leading provider of U.S. Treasury and Agency
repo financing to banks, broker dealers and other capital market
participants.The company is an S&P rated broker-dealer (AA+ long term, A-1+
short-term) and FICC member running a matched book portfolio that provides low
cost financing for high-grade security positions and a source of secure
short-term investment for excess funds.South Street Securities also provides
other servicing, collateral management, technology, and administrative
services for banks, broker dealers and other capital market
participants.Further information is available at
About INTL FCStone Securities Inc.
INTL FCStone Securities Inc. provides trading, market making, investment
banking and corporate finance services to customers around the globe.The
investment banking division provides capital raising, mergers and acquisitions
advisory, trade finance and bank loan syndication as well as restructuring and
corporate advisory services to middle market firms in the natural resources,
agriculture, financial institutions, power generation and real estate sectors.
INTL FCStone Securities Inc. (member FINRA/SIPC) is a wholly-owned subsidiary
of INTL FCStone Inc. (Nasdaq:INTL).
About INTL FCStone Inc.
INTL FCStone Inc. (INTL) provides execution and advisory services in
commodities, currencies and international securities. INTL's businesses, which
include the commodities advisory and transaction execution firm FCStone Group,
serve more than 20,000 commercial customers in more than 100 countries through
a network of offices in twelve countries around the world.
Further information on INTL is available at www.intlfcstone.com.
CONTACT: INTL FCStone Inc.
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