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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