Variable Rate Remarketing & Underwriting

Short-term market product specialists

 

Contacts

Frank Fairman
Head of Public Finance Services
+1 612 303-6657
E-mail | Biography

Brad Winges
Head of Fixed Income Services
+1 612 303-2112
E-mail | Biography

Joanna Brody
Fixed Income Trader
+1 212 284-9421
E-mail

A fundamental question for municipal issuers is determining whether to sell fixed or variable rate debt. The short-term market is quite dynamic, with rapid new product development and an evolving regulatory environment. Consequently, it is critical in today’s municipal market to work with a firm who is an active market participant and has a full range of capabilities to structure, price and sell all types of municipal short-term instruments. We have a dedicated municipal short-term market team who are experts in all of the various products and can help determine what makes most sense for you.

Our experience

We have a dedicated team of professionals who are responsible for originating, structuring, pricing and making a market in municipal short-term products. This group is responsible for remarketing our portfolio of variable rate issues as well as originating and trading municipal short-term note put structures and floating rate notes.

    Variable rate remarketing—We remarket 207 weekly and daily priced variable rate issues totaling more than $3.6 billion. We rank among the top 10 firms in the nation in the number of daily priced variable rate issues that we remarket.*

Strong & deep sales distribution

We have significant sales distribution capabilities in taxable and tax-exempt short-term market products. Our short-term specialists cover the municipal money market funds and many other significant purchasers of short-term products, including short duration bond funds, separately managed accounts, asset managers, etc. In addition, our municipal sales force, our middle-market distribution team and the rest of our fixed-income sales specialists provide strong and deep sales distribution of our money market and short-term products to a full range of investor types.