Illinois Public Finance

Public Finance Market Watch

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

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Where specialized expertise meets excellent service.

Raymond James Public Finance is a proven partner for municipal bond issuers across Illinois. Our Public Finance team has the expertise, experience and trusted guidance to make a significant difference in your community’s financial outlook – because your community is our community, too. With 21 dedicated municipal institutional sales professionals and more than 175 fixed income generalists, we strive to provide outstanding service at the lowest possible borrowing cost to our clients. In addition to our Public Finance and Fixed Income teams, Raymond James has over 500 financial advisors and associates living, working and managing nearly $28 billion in total assets across the state of Illinois.

Our veteran team members work with government entities to provide tailored financing solutions to help meet their unique needs. From new municipal and education facilities to improved water and sewer systems and economic development projects, complex financing structures are often required to fund progress within communities.

Our goal is simple: help provide clients with quality financial services. In doing so, Raymond James Public Finance consistently ranks among the Top 10 underwriters of municipal bonds nationwide.*

Top 10

underwriter of Illinois bonds in 2019**

9

public finance professionals

4

municipal bond underwriters (including National Head of Underwriting)

16

institutional fixed income sales professionals

8,100

financial advisors nationwide

$28B

under management in 136,407 retail accounts serviced by 420 retail employees in the state

Data as of March 31, 2020, unless otherwise noted
*Source: Bloomberg, based on total par amount (2015 – 2019)
**Source: Bloomberg, based on total par amount
Past performance may not be indicative of future results.

Full-service Capabilities

Services

  • Underwriting
  • Financial advisory/municipal advisor
  • Placement agent
  • Bond proceeds investment strategy
  • Derivatives advisory
  • Rating agency strategy
  • Debt portfolio analysis and structuring
  • Referenda strategy
  • Financial/budget projections
  • Continuing disclosure dissemination agent

Debt Advised On or Underwritten

  • General obligation bonds
    • Limited tax
    • Unlimited tax/referendum
    • Alternate revenue source
  • Debt certificates
  • Certificates of participation (COPs)
  • Pension obligation bonds
  • Dedicated revenue bonds
  • Tax anticipation warrants/notes
  • Master lease program financing
  • Tax increment financing (TIF)
  • Tax-credit financings
  • USDA financings

Issuers Served

  • Municipalities
  • Park districts
  • Counties
  • Public school districts
  • Charter schools
  • Community colleges
  • Universities
  • Water and sewer/utilities
  • Transportation authorities
  • Airports
  • Housing
  • Healthcare
  • Economic development projects

Team

Elizabeth Hennessy
Managing Director
   
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Linda Byron
Linda Byron
Director
   
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Kevin O’Kelly
Vice President
   
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Paula Arnedo
Associate
   
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Karen Barron
Associate
   
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Bio-no-photo
Casy O’Brien
Managing Director
   
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Parker Colvin
Managing Director, Municipal Underwriter
   
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Headshot for Steven Julian
Steven Julian
Senior VP in Fixed Income Trading
   
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