Experience


AT&T EXECUTES THIRD LARGEST CORPORATE BOND ISSUANCE ON RECORD

In April 2015 Siebert Capital Markets served as co-manager for AT&T's long-awaited $17.5 billion financing for its acquisition of DirectTV. The offering ended up being the third largest corporate bond issue on record. [Read more]

EAST BAY MUNICIPAL UTILITY DISTRICT REFUNDS $71 MILLION

In February 2015 Siebert Brandford Shank successfully priced and sold a $71 million refunding and restructuring of bonds to fixed rate for EBMUD despite a declining bond market. [Read More]

LADWP’S SERIES 2014E BONDS ACHIEVE LOWER LONG-TERM INTEREST RATE AND TIGHTER MMD SPREAD THAN ITS FIVE PRIOR 2014 TRANSACTIONS

The deal achieved the lowest long-term interest rate and tightest final MMD spread of any transaction sold by LADWP in this historic year of multiple issuances (five Power transactions and one Water transaction). [Read More]

ILLINOIS STATE TOLL HIGHWAY AUTHORITY BONDS ATTRACT SIGNIFICANT INVESTOR DEMAND

This deal received significant attention and positive feedback from investors and as a result of the strong pre-marketing effort, the order period was highly successful with every maturity oversubscribed. [Read More]

PENNSYLVANIA TURNPIKE COMMISSION, SUBORDINATE REVENUE BONDS, SERIES B OF 2014

On October 16, 2014, Siebert Brandford Shank served as book-running senior manager for the Pennsylvania Turnpike Commission’s $201 million Turnpike Subordinate Revenue, Series B of 2014, which were issued to finance the Commission’s payment of half ($225 million) of the constitutionally mandated $450 million annual payment to the Pennsylvania Department of Transportation to fund certain grants to mass transit agencies and for certain multi-modal projects. [Read more]

$156 MILLION DC INCOME TAX REVENUE REFUNDING ACHIEVES TIGHTEST SPREADS IN HISTORY OF IT CREDIT

Siebert Brandford Shank served as senior manager to the District of Columbia for the Series 2014A Bonds which were issued to currently refund the District’s outstanding Certificates of Participation, Series 2003 and advance refund outstanding Certificates of Participation, Series 2006. This transaction, which priced in August 2014, proved to be a historic financing—the District was able to realize the tightest spreads ever achieved in the history of the IT credit. [Read more]

$407 MILLION CALIFORNIA STATE PUBLIC WORKS BOARD PRICES VERY WELL

Siebert Brandford Shank served as the book-running joint senior manager to the California State Public Works Board's $407 million Lease Revenue Bonds, 2014 Series B & C which, despite being a smaller and more difficult deal to sell, priced at much lower spreads than a SPWB deal (same rating/credit) which priced two weeks prior. [Read more]

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