Technical Capabilities
- Structure and bring to market municipal financings
Members of our investment banking team have originated or supported an originator in every type of municipal financing. These financing projects included cities, counties, schools, community colleges, irrigation, water and sewer districts, real estate development and non-profit organizations. - Underwrite and sell municipal issues
Our distribution strategy focuses on second & third-tier buyers and individual retail accounts; all delivering incremental demand and further diversifying the bondholder base. - Sales and distribution
Our experienced sales force has significant municipal finance transaction experience and excellent relationships with new issue buyers.
Our Public Finance capabilities include:
- Cash flow modeling
- Analysis of alternative refunding options
- Cost vs. benefit analysis
- Debt structuring
- Fund return maximization
- Sensitivity analysis
We have access to a full range of bond types including current interest bonds, capital appreciation bonds, convertible capital appreciation bonds, 26-week, 35-day and 28-day auction rate bonds, variable rate bonds, multi-mode bonds, convertible option bonds and Z-bonds.
Each bond component is defined independently allowing for overlapping bond structures, AMT and non-AMT bonds, taxable and tax-exempt bonds, and senior/subordinate bond structures. Full structuring allows for allocating bonds around any or all cash flows.