South Street Securities Funding places $35 million junior notes

By Lisa Kerner

Charlotte, N.C., Dec. 27 - South Street Securities Funding LLC announced it placed $35 million of junior notes with INTL FCStone Inc.

Proceeds will allow South Street to expand its financing services to banks, municipal governments, pension funds and other financial institutions, according to a news release.

"The South Street team is pleased with the additional opportunity this fresh capital brings as we enter into 2013 and beyond," said South Street Securities president and chief executive officer Jim Tabacchi.

New York-based South Street Securities Funding is the parent company of South Street Securities LLC, a leading provider of U.S. Treasury and agency repo financing to the financial industry running a multi-billion dollar matched-book portfolio.

INTL FCStone Securities Inc., a wholly owned subsidiary of INTL FCStone Inc., provides trading, market making, investment banking and corporate finance services to customers worldwide. The company is based in New York.

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