Indiana Public Finance

A local partnership rooted in impactful results.

As a dedicated public finance partner, Raymond James provides innovative strategies and client-focused service to municipalities across Indiana from our office in Indianapolis. Our work is fueled by the close relationships we continue building with issuers and defined by our deep commitment to Indiana. Because this is our home, too. In fact, we have 383 associates living and working in 46 cities across the state with an annual payroll of $50 million.

In addition to our steadfast commitment to Indiana, Raymond James Public Finance consistently ranks among the top five underwriters of municipal bonds nationwide and the second-leading underwriter of K-12 issues nationally.* With 19 municipal institutional sales professionals and approximately 150 fixed income generalists, we make it our mission to deliver outstanding service at the lowest possible borrowing cost to our clients.

Drawing from 30-plus years of experience, our team has completed over 1,000 bond issues.** And we do it all backed by the strength of Raymond James – an international financial leader with 334 retail employees managing 117,347 retail accounts worth $22.8 billion in Indiana alone.

Stats as of December 31, 2023
*Source: Bloomberg, based on total par amount. Past performance may not be indicative of future results.
**Personal experience of Public Finance Managing Director, Damian Maggos

Full-service Capabilities

  • Municipal bond underwriting services – senior manager and co-manager appointments
    • General obligation
    • Limited tax obligations
    • Water & Sewer/Utilities
    • Certificates of participation
    • School districts
    • Higher education
    • Tax increment financing (TIF)
    • Airports
    • Housing
    • Healthcare
    • Master lease program financing
  • Private placements
  • USDA financing
  • Rating agency strategy
  • Economic development projects
  • Debt portfolio analysis
  • Pension bond financing
  • Investment of proceeds advisory
  • Financial advisory
  • Derivatives advisory


Damian Maggos headshot
Damian Maggos
Managing Director
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Linda Byron
Linda Byron
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Trey Casey
Trey Casey
Vice President
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Public Finance Market Watch

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