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About our transaction
- Raymond James generated approx. $1.8B in orders. Institutional orders were placed by over 60 accounts ranging from small, regional firms to large bond funds. The strong interest resulted in an AIC of 3.97% for a 25-year financing. The refunding generated PV savings of more than $15M, or 11% of refunded par.
About our transaction
- The county elected to execute a seven-year capital outlay note for its upcoming landfill project. In working directly with a local bank, we were able to provide the county the flexibility it needed in terms of call-structure and affordability. The transaction locked in a rate of 4.19%.
About our transaction
- As a new entity, the authority faced unique challenges in bringing this transaction to market. Our team was able use our experience working on authority conversions to ensure a smooth process and execute a timely transaction for the newly formed Cleveland Utilities Authority.
About our transaction
- As a new entity, the authority faced unique challenges in bringing this transaction to market. Our team was able use our experience working on authority conversions to ensure a smooth process and execute a timely transaction for the newly formed Cleveland Utilities Authority.
About our transaction
- The county determined that a 12-year capital outlay note was the best option from both a timing and flexibility standpoint for HVAC improvements to the Justice Center. The notes received four bids. The county elected to work with a local lender, who offered a 4.38% interest rate.
About our transaction
- The objective of the transaction was to finance the city’s adopted FY 2023 – 2024 Capital Improvement Program as quickly as possible. The City’s Aa2/AA credit ratings were attractive to investors as witnessed by the number of proposals received for the bonds. The adjusted AIC was 4.132%.
