|
Rice Financial Products Company is one of the fastest growing underwriters of municipal bonds in the United States today. Founded in New York in 1993, Rice Financial provides services to municipalities and not-for-profit institutions in four key areas:
- Structuring and Underwriting
- Municipal Sales and Trading
- Taxable Fixed Income Investing
Rice Financial has experienced a remarkable transformation in the past three years. During this time, the firm has increased its municipal bond underwriting volume fourfold, opened new offices in California, Georgia, Missouri, New Jersey and Washington, DC, and secured book-running senior manager assignments in some of the country’s most prestigious underwriting syndicates, including the New York State Empire State Development Corporation, the State of Ohio, the District of Columbia, the City of Chicago, the City of Houston and the City of St. Louis, among others.
Building on a reputation for technical expertise and creative problem solving, 2009 marked a successful expansion for Rice from a Wall Street derivative boutique to a nationally recognized bond underwriter and taxable fixed income investment provider.
2009 Highlights
- Senior manager of Jackson Public Schools transaction named the Bond Buyer’s 2008 Southeast Region Deal of the Year.
- Senior co-manager appointment by The City of New York to its GO, TFA and Water underwriting syndicates; one of only three co-managers qualified by the City to senior manage transactions.
- Selected by the U.S. Department of Education as investment banker and trustee for the Historically Black College & University (HBCU) Capital Financing Program’s billion dollar portfolio.
- 438% increase in underwriting volume, from $7.7 billion in 2006 to $33.7 billion in 2009.
- Threefold increase in taxable fixed income sales to state and local governments, from $4.1 billion in 2006 to $15.7 billion in 2009.
- Paid over $137 million in swap cash flow savings to municipal clients to date, including $25 million in 2009.
- Successfully eliminated Ambac credit support on all related swap transactions at minimal or no cost to the firm’s municipal clients.
|
