Experience


$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]

SUCCESSFUL $846 MILLION SALE OF CITY OF ATLANTA AIRPORT REVENUE REFUNDING BONDS

Siebert Brandford Shank, as senior manager, led this very successful $846 million City of Atlanta Airport transaction which sold on March 25, 2014. [Read more]

CREATIVE $692 MILLION FINANCING LEADS TO $207 MILLION IN PRESENT VALUE SAVINGS FOR CITY OF HOUSTON

Siebert Brandford Shank led this refunding in March 2014 for the City of Houston's Combined Utility System. A highly sophisticated plan of finance which addressed complex tax issues and an extensive investor outreach program led to a very successful transaction for the City and resulted in $207 million in present value savings for the City of Houston water and sewer ratepayers. [Read more]

LANDMARK FINANCING FOR SAN DIEGO INTERNATIONAL AIRPORT'S CONSTRUCTION OF RENTAL CAR CENTER

Siebert Brandford Shank served as senior manager for the financing of San Diego International Airport’s new consolidated rental car center, which priced on February 5, 2014. The transaction represented a new credit for the Authority as well as the largest stand-alone CFC bond issuance to date and the first stand-alone CFC issuance in the State of California. [Read More]

NEW YORK DORMITORY AUTHORITY FINANCES FIRST DEAL UNDER NEW STATE PROGRAM

In December Siebert Brandford Shank served as senior manager to this $369.7 million transaction which financed the purchase of Assumption of Liability policies by the State’s Workers’ Compensation Board, a new program created by the legislature in 2013. Our firm provided DASNY and the WCB with a broad array of services for this complex financing [Read More]

RECORD RETAIL SALES FOR $600 MILLION CONNECTICUT TRANSPORTATION INFRASTRUCTURE BONDS

Siebert Brandford Shank served as senior manager for this transaction which priced on October 30, 2013. Our firm took the lead on developing a rating agency presentation on behalf of the State which successfully demonstrated the strengths of the STO credit and allayed rating agencies’ concerns. Our firm's strong retail effort resulted in four times more retail orders than the previous STO sale. Additionally, in order to ensure an attractive bond price for the State, Siebert Brandford Shank underwrote approximately $41 million of bonds. [Read More]

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