• About our transaction

    • The Corporation moved forward with the refunding in response to pending tax legislation that threatened the ability to advance refund outstanding bonds.
    • RJ was able to execute the transaction quickly, helping the Corporation achieve over $1.5 million in net present value savings.

    About our transaction

    • Market volatility was high, amid record high issuance as issuers nationwide took advantage of the opportunity to refinancing existing debt before year-end.
    • Despite market uncertainty, RJ brought in over $4 million in orders and underwrote nearly $2 million unsold balances to remove risk from the County.

    About our transaction

    • As placement agent, RJ moved quickly to negotiate with banks and find the most attractive offer for the City so the bond issue could close before the implementation of pending tax legislation.
    • The refunding resulted in $128,810 in net present value savings, or 3.85% of the refunded par amount.

    About our transaction

    • RJ has previously served as sole manager on the City’s two most recent long-term bond issues and was hired as underwriter to finance the City’s new money projects.
    • Despite market uncertainty, RJ received nearly $8 million in orders and underwrote approximately $1.8 million in balances to remove risk from the City.

    About our transaction

    • The Corporation moved forward with the refunding in response to pending tax legislation that threatened the ability to advance refund outstanding bonds.
    • RJ received over $225 million and was able to lower yields by as much as 13 basis points in some maturities.

    About our transaction

    • After being engaged as placement agent, RJ moved quickly to negotiate with banks and find the most attractive offer for the District.
    • The refunding resulted in $270,975 in net present value savings, or 4.27% of the refunded par amount.
  • About our transaction

    • As sole manager, RJ brought in over $50 million in orders which resulted in allocations to 16 different accounts.
    • The refunding provided over $1.67 million in total debt service savings, or 4.72% of the refunded par amount.

    About our transaction

    • The Bonds were structured in two parts to fund capital improvements over a 30-year period and road projects over a 15-year period.
    • Despite market uncertainty, RJ generated over $235 million in orders with no balances left in any maturity.

    About our transaction

    • RJ helped the City prepare a rating presentation that allowed the City to receive a “Positive” outlook on the Bonds, which was an upgrade from “Stable.”
    • Pricing occurred during favorable market conditions, and RJ received nearly $130 million in orders. Therefore, RJ was able to lower yields from 3 to 15 basis points in all maturities.

    About our transaction

    • The Bonds priced in the midst of a rising interest rate environment as investors were uncertain about the potential tax reform and deregulation.
    • Despite market uncertainty, RJ received nearly $28 million in orders and underwrote approximately $9 million in balances to remove risk from the City.

    About our transaction

    • After receiving a bank proposal that outperformed a public issue, the City decided to move forward with a private placement structure and remove interest rate risk.
    • The Bonds provided over $400,000 of total debt service savings to the City.

    About our transaction

    • As placement agent, RJ reached out to more than a dozen banks across the county while also monitoring the public bond market.
    • Ultimately it was determined that a private placement could result in the greatest savings, and the County saved over $900,000 by refunding the 2015 Lease.
  • About our transaction

    • After delaying the refunding for several months due to marginal savings levels, the District decided to move forward when interest rates hit near-record lows in the summer of 2017.
    • The refunding resulted in nearly $100,000 of total debt service savings, or 4.08% of the refunded par amount.

    About our transaction

    • When the City elected to move forward, they chose the private placement route to reduce costs, maximize gross debt service savings, and take advantage of more flexible redemption provisions.
    • The transaction resulted in total debt service savings of $443,946, or 6.48% of the refunded par amount.

    About our transaction

    • RJ began tracking this refunding in November 2014 and was later engaged as placement agent.
    • After negotiating with banks to find the most attractive offer for the City, the refunding resulted in nearly $74,000 of total debt service savings, or 4.99% of the refunded par amount.

    About our transaction

    • After refunding portions of the 2007A Bonds in 2015 and 2016, RJ assisted the County in refunding the remaining 2007A Bonds and the 2010 Bonds.
    • Despite the uncertain market, RJ committed its capital and underwrite unsold balances without sacrificing any savings.

    About our transaction

    • Once the Corporation decided to move forward, the financing team worked quickly to take advantage of near-record low interest rates.
    • RJ was able to execute the transaction quickly, and the transaction provided over $3.2 million, or 7.66% of net present value savings.

    About our transaction

    • After the transaction was delayed due rising interest rates, RJ closely monitored potential savings to be ready for a drop in interest rates. When interest rates dropped in spring 2017, the deal team was able to move quickly to take advantage of the market.
    • The transaction provided over $3.8 million, or 6.15% net present value savings to MDOT.
  • About our transaction

    • As placement agent, RJ identified a buyer for the refunding of the 2010C and 2010D Bonds. The transaction resulted in 6% net present value savings on the 2010C refunding and 5.17% net present value savings on the 2010D refunding.
    • RJ also assisted the County with bidding out the escrow for a portfolio of open market securities.

    About our transaction

    • As co-senior manager, RJ helped put together an investor presentation made available to potential investors in the weeks leading up to pricing.
    • Despite a weak market, pre-marketing efforts led to strong interest from investors, and the underwriters aggressively lowered yields by as much as 7 basis points in some maturities.

    About our transaction

    • RJ served as sole manager on two consecutive issues for EMCC to fund the construction of a STEM research facility and new dormitories.
    • Both the CMTE Bonds and the Dorm Bonds were issued through the Community and Junior College State Aid Intercept Program with the programmatic rating of AA-.

    About our transaction

    • RJ has a long history of working with the County, having served as underwriter on three previous transactions.
    • For the Series 2017 Bonds, RJ brought in over $54 million in orders and was able to reprice all maturities lower in yield, resulting in reducing the TIC by 0.07%.

    About our transaction

    • As placement agent, RJ identified a buyer for the refunding of the 2009 Bonds. The transaction resulted in 7.77% net present value savings at a borrowing cost of 2.75%.
    • RJ also assisted the City with bidding out the escrow for a portfolio of open market securities. This provided an added benefit by increasing the City’s debt service savings.

    About our transaction

    • RJ presented several financing options to the County, and the County concluded that a private placement could provide the most beneficial form of financing for this issue.
    • RJ negotiated to find the most attractive offer for the City, and the refunding transaction resulted in 7.96% net present value savings at a borrowing cost of 1.73%.
  • About our transaction

    • RJ has maintained a long-standing relationship with the State, serving as Senior Manager on more than a dozen deals for the State over the past 10 years.
    • RJ received nearly 100 orders for over $292 million and was able to lower yields by 5 to 10 basis points in all maturities. The Taxable 2016C Bonds were priced with a TIC of 2.56%.

    About our transaction

    • As placement agent, RJ negotiated with banks for several months, ultimately identifying two purchasers to help Reunion achieve the lowest cost of borrowing.
    • RJ helped Reunion structure a financing that would both provide debt service savings on the refunding of the 2003 Bonds and meet their new money needs for Phase II Improvements.

    About our transaction

    • RJ sole managed MGCCC’s $73.6 million Series 2016 Bonds, issued through the Mississippi Development Bank’s Community and Junior College State Aid Intercept Program.
    • Due to market uncertainty, $34 million in balances remained at the end of the order period, and RJ underwrote the balances rather than raising yields.

    About our transaction

    • RJ began presenting refunding proposals for all three issues in early 2014. The refunding resulted in debt service savings higher than any estimate over the previous two years.
    • RJ utilized its reinvestment group to provide additional savings to the County by successfully holding an escrow bid for Open Market Securities in place of SLGS.

    About our transaction

    • Raymond James presented several financing options to the city, and the city concluded that a private placement could provide the most beneficial form of financing for this issue.
    • Raymond James negotiated to find the most attractive offer for the city, and the transaction resulted in a TIC of 1.93%.

    About our transaction

    • RJ assisted the City in obtaining a AA- rating on the 2016A Bonds and an A+ rating for the 2016B Bonds, as well as bond insurance from BAM on the Series 2016B Bonds.
    • As a result of the positive reaction from investors, RJ was able to lower yields by 1 to 5 basis points in certain maturities of the 2016B Bonds.
  • About our transaction

    • RJ presented multiple financing options to the College, and they ultimately chose the Mississippi Development Bank’s Community and Junior College State Aid Intercept Program.
    • RJ pre-marketed an aggressive scale and unique 4-year par call, and the District was able to finance their capital projects at a borrowing cost of 3.45%.

    About our transaction

    • Raymond James entered the market with an aggressive scale; the order period ended with a balance of $6.34 million, which Raymond James underwrote into inventory, removing risk from the corporation.
    • Total debt service savings over the life of the refunding bonds was nearly $4.72 million.

    About our transaction

    • Raymond James sole managed ECCC’s Series 2016 Bonds, issued for the construction of dormitory buildings.
    • Despite market uncertainty, Raymond James received $10.6 million in orders from 11 different accounts and lowered yields by 5 basis points in certain maturities.

    About our transaction

    • As placement agent, RJ helped the District achieve a Net Interest Cost of 1.99% on the COPs and fund a construction fund deposit of nearly $919,000, resulting in project funds adequate to cover the costs of the Series 2016 projects.

    About our transaction

    • The refunding of the District’s Series 2007 Bonds resulted in 5.55% present value savings, or approximately $1,152,398. The Bonds were priced with a True Interest Cost of 1.78%.

    About our transaction

    • The refunding of the District’s Series 2003 Limited-Tax Notes resulted in 4.79% present value savings, or approximately $117,043. The Bonds were priced with a True Interest Cost of 1.65%.
  • About our transaction

    • As sole manager, RJ pre-marketed an aggressive scale and took advantage of the stable market by lowering interest rates on this issue, ultimately providing a TIC of 2.51% on the Series 2016A Bonds and 1.79% on the Series 2016B Bonds.

    About our transaction

    • As sole manager, RJ brought in a total of $25,070,000 in orders and was able to lower yields from their pre-marketing levels.
    • The refunding resulted in a TIC of 2.39% and total debt service savings of $1,668,921, or 10.07% on a present value basis.

    About our transaction

    • After senior managing all the Corporation’s bond issues in recent years, RJ’s consistent performance led to the firm being hired as sole manager on this transaction.
    • The refunding resulted in a TIC of 2.46% and total debt service savings of $4,887,176, or 11.51% of the refunded par amount on a present value basis.

    About our transaction

    • After previously issuing its bonds Non-Rated, RJ (as sole manager) helped the District obtain an A- rating from S&P and assisted the District in obtaining bond insurance with Assured Guaranty, lowering the cost of borrowing from 3.18% to 3.06% and increasing the project fund by more than $21,000.

    About our transaction

    • As sole manager, RJ pre-marketed an aggressive scale and was able to lower interest rates by as much as 10 basis points in some maturities, which resulted in total debt service savings of more than $391,000, or 4.76% of the refunded par amount.

    About our transaction

    • RJ entered the market with an aggressive scale and received a total of $77,220,000 in orders; RJ underwrote the remaining balance of $3,910,000 in unsold bonds.
    • The refunding produced $3,954,388 in present value savings for the Corporation, or 9.45% of the refunded par amount.
  • About our transaction

    • RJ worked with the County to refund the outstanding callable Series 2009 Bonds, which provided the County with $316,452 in present value savings, or 4.92% of the refunded par amount.

    About our transaction

    • RJ sole managed the Authority’s Series 2016 Bonds, which partially refunded the Series 2008 Bonds; the Authority split the refunding of the 2008 Bonds over two calendar years to take advantage of bank qualified interest rates.
    • The Authority achieved aggregate debt service savings of over $2.9 million through the refunding issues.

    About our transaction

    • In 2013, RJ began working with the Authority to prepare for the Authority’s first ever bond issue by reviewing overall debt structure strategy, obtaining a bond rating and securing bond insurance.

    About our transaction

    • When the market rebounded in December 2015, the Corporation moved quickly to take advantage of low interest rates (part of the refunding was completed in March 2015).
    • The refunding produced a total of $5,542,482 in present value savings for the Corporation, which equates to 9.03% of the refunded par amount.

    About our transaction

    • Before working with RJ, the City had issued its bonds Non-Rated; RJ assisted the City in obtaining an A+ rating from S&P.
    • The Bonds were priced with a TIC of 2.07% and allowed the City to achieve 5.93% present value savings.

    About our transaction

    • The City sought debt service relief in years 2016-2019. RJ structured the Bonds to re-amortize their debt to achieve relief while maintaining as level debt service as possible.
    • Aggressive marketing resulted in the bonds being 2.37 times oversubscribed. The syndicate brought in a total of $41,960,000 of orders with allocations to 27 different accounts.
  • About our transaction

    • On the day of pricing, RJ aggressively lowered interest rates due to the strong feedback surrounding the Corporation’s bonds and brought in a total of $170.5 million in orders with allocations to 54 different accounts.
    • Following the initial order period, pricing adjustments dropped the total interest cost by 3 basis points.

    About our transaction

    • Monitored two refunding opportunities for the City over two and a half years; worked diligently to complete both refundings in one month to achieve optimal savings.
    • The City was able to achieve total debt service savings over the life of the issues of $508,488.

    About our transaction

    • Performed an allocation analysis to help the City determine what percentage of the Series 2007 Bonds they could refund with tax-exempt debt.
    • Transaction resulted in $565,183 of net present value savings.

    About our transaction

    • Brought $9.5 million of the City’s Series 2015 Bonds to market with an aggressive scale; provided the City with over $9.25 million of net proceeds at a borrowing cost of 3.13%.
    • Showed our commitment to a strong pricing by underwriting a total of $5,325,000 in balances rather than increasing yields in several maturities.

    About our transaction

    • RJ has worked as sole managing underwriter on 11 of the State of Mississippi‘s Master Lease Program Lease Revenue Certificates of Participation over the past seven years.
    • This particular transaction was priced with a final TIC of 2.36%.

    About our transaction

    • Due to market conditions at the time, privately placing the bonds with a bank provided the greatest amount of savings.
    • Transaction generated savings of 6.38% of refunded par with a final TIC of 2.45%.
  • About our transaction

    • RJ decided to market an aggressive scale to take advantage of strong investor interest due to the City’s credit strength and low level of recent MS municipal issuance.
    • Despite a weak market the day of pricing, pre-marketing efforts resulted in 21 individual orders worth over $15.3 million, generating over $1.9 million in debt service savings.

    About our transaction

    • After monitoring a refunding of the District’s Series 2008 Bonds since 2013, RJ proposed two separate refunding issues over a 2 year time period to benefit from historically low Bank Qualified interest rates.
    • This refunding provided the District with $476,290 in total debt service savings over the life of the issue; the final TIC was 2.04%.

    About our transaction

    • RJ was able to aid the Authority in the refunding of their Series 2008 Special Obligation Bonds.
    • The Authority realized $1,112,124 in present value savings, which was 12.48% of refunded par at a TIC of 3.03%.

    About our transaction

    • RJ was able to aid the Authority in the refunding of their Series 2008 Special Obligation Bonds.
    • The Authority realized $1,112,124 in present value savings, which was 12.48% of refunded par at a TIC of 3.03%.

    About our transaction

    • Despite a weak market the day of pricing, RJ entered the market with an aggressive scale and received orders from 34 accounts.
    • Showed our commitment to the University by underwriting $8,125,000 in unsold bonds.

    About our transaction

    • Over $165 million in orders from the syndicate led to tightening of the yields by as much as 5 basis points in some maturities.
    • RJ was able to provide a TIC of 3.52% and strong pricing spreads compared to other similar higher education issues.
  • About our transaction

    • The City chose to capitalize on the higher savings achieved by refunding their Water and Sewer Bonds as a general obligation security.
    • RJ went into market with an aggressive scale, which allowed the City to realize $378,474 in present value savings at a TIC of 3.07%.

    About our transaction

    • After tracking this refunding since June 2012, it was determined that the bonds would be issued through a private placement to obtain optimal savings.
    • In anticipation of the SLGS window closing, RJ pushed pricing up to two days prior to the window closing, and SLGS were secured as investments for the escrow proceeds.

    About our transaction

    • RJ presented several savings structures before the City ultimately decided on a deferred savings structure in order to shorten the final maturity of the bonds.
    • Provided the City with the lowest spreads to MMD of any of its general obligation, negotiated and bank qualified bond issues since 2008.

    About our transaction

    • Pre-marketing efforts resulted in $87,235,000 in orders, which allowed RJ to aggressively lower yields by 5-10 basis points in some maturities.
    • The bonds priced with a TIC of 3.50% for the Series 2015A Bonds and 3.25% for the Series 2015B Bonds.

    About our transaction

    • The bonds were issued for the purpose of erecting, equipping, repairing, reconstructing, remodeling and enlarging County buildings and related facilities and the purchase and installation of equipment.

    About our transaction

    • RJ pre-marketed an aggressive scale and was able to lower interest rates due to the strong interest from investors, resulting in $865,162 in savings at a borrowing cost of 2.85%.
    • The County also was able to terminate its outstanding swap at no cost to the County and eliminate future risk associated with the swap.
  • About our transaction

    • RJ has maintained a long-standing relationship with the State serving as Senior Manager on more than a dozen deals over the past 10 years.
    • Bonds were priced with a TIC of 3.24%.
    • Pricing was favorable compared to the Pennsylvania GO issue priced the same day.

    About our transaction

    • Due to the City’s strong financials, RJ saw an opportunity for increased savings by requesting a rating as opposed to issuing bonds non-rated as the City had previously done and helped the City achieve an A+ rating from S&P.
    • The resulting transaction provided the City with $204,522 in present value savings at a TIC of 1.94%.

    About our transaction

    • RJ has worked as sole managing underwriter on 11 of the State of Mississippi‘s Master Lease Program Lease Revenue Certificates of Participation over the past seven years.
    • This particular transaction was priced with a final TIC of 2.41%.

    About our transaction

    • RJ marketed the Series 2015 Bonds to a wide variety of investors to provide the City with a diverse set of bondholders.
    • As a result of the refunding, the City received $100,396 in present value savings at a TIC of 2.31%.

    About our transaction

    • RJ aggressively lowered the interest rates the morning of pricing because of the improving municipal market; the aggressive approach paid off for the City.
    • Pricing adjustments lowered the City’s borrowing cost by more than 6 basis points and improved the present value savings by over $68,000.
  • About our transaction

    • RJ entered a difficult market with aggressive yields on the day of pricing.
    • Remained dedicated to the City by keeping yields tight and committing capital to underwrite the unsold balance of $8,380,000.

    About our transaction

    • RJ helped the District receive a rating of A1 by Moody’s.
    • The refunding bonds produced net present value savings of over 6.2% of the refunded par amount at a TIC of 2.78%.

    About our transaction

    • After aggressively entering the market, RJ was able to lower yields by 5-10 basis points in the 2016-2026 maturities, allowing the TIC to decrease by 10 basis points.
    • The bonds were 3.4 times oversubscribed at the end of the order period and resulted in net present value savings of over 18%.

    About our transaction

    • RJ has maintained a long-standing relationship with the State serving as Senior Manager on more than a dozen deals over the past 10 years.
    • Bonds were priced with a TIC of 2.11%.

    About our transaction

    • After serving as underwriter on the County’s last five negotiated transactions, RJ was hired as sole manager due to the strong, long-standing relationship with the County and successful monitoring of the refunding opportunity.
    • The transaction provided the County with $430,197 in net present value savings at a TIC of 2.91%.

    About our transaction

    • Effective pre-marketing efforts resulted in over $60.3 million in orders with all maturities being oversubscribed, allowing yields to be tightened in each maturity by as much as 7 basis points.
    • RJ was able to provide the City with over $1.2 million in debt service savings, far exceeding their targeted $700,000 goal.
  • About our transaction

    • After presenting two current refunding opportunities, RJ helped the City receive $317,964 in savings and structured the savings so that $156,260 was concentrated in fiscal year 2014.

    About our transaction

    • After successfully monitoring the City’s outstanding debt, RJ presented the opportunity for savings through refunding the City’s Series 2003A and 2006 Bonds.
    • The bonds priced with a TIC of 2.55% and allowed the City to receive $618,072 in present value savings.

    About our transaction

    • Over $441 million in orders with all maturities being oversubscribed led to tightening of yields by as much as 7 basis points.
    • Spreads to MMD were the lowest achieved on any MDOT issue since 2007.