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  • 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.