Utilities

            A powerful force in utilities financing.

            The public finance professionals at Raymond James have extensive experience in the underwriting of utility bonds, both on a negotiated basis and at competitive sale. In fact, we were involved in the first-ever bond issue by a public utility for the prepayment of electricity. This $1.5 billion bond issue was executed by the city of Memphis to purchase electricity over a 15-year period at a discount from Tennessee Valley Authority, the city’s sole supplier.

            In 2018, Raymond James ranked as the nation’s second-leading underwriter of water/sewer/gas transactions, senior managing 18 negotiated issues with a total par amount of nearly $750 million.*

            *Source: Bloomberg, based on total number of issues. Past performance may not be indicative of future results.

            Full-service Capabilities

            • Water revenue and refunding bonds
            • Wastewater revenue and refunding bonds
            • Water project financings
            • Separate agency financings
            • City, county and state water utility financings
            • Power financings

            Representative clients include:

            • New York City Municipal Water Finance Authority
            • Nashville Electric System (Tennessee)
            • North Dakota Rural Water Finance Authority
            • Wisconsin Rural Water Construction Loan Program Commission
            • North Carolina Eastern Municipal Power Agency
            • Shreveport, Louisiana
            • Water Works Board of Birmingham, Alabama
            • Mississippi Development Bank
            • Kentucky Rural Water Finance Corporation

            Great ideas and superior execution know no boundaries

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            Public Finance Market Watch

            In-depth and timely commentary and analysis on the municipal market from industry experts.

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