Rice Financial Products Company is one of the fastest growing underwriters of municipal bonds in the United States today, rising from a 43rd place ranking among underwriters in 2006 to an 18th place ranking in 2012.
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 few years. Since 2006, the firm has:
- increased its municipal bond underwriting volume fourfold
- opened new offices in Florida, Georgia, Missouri, New Jersey, District of Columbia and Texas
- 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 Dormitory Authority of the State of New York, the New York State Environmental Facilities Corporation; the states of Connecticut, Illinois and Ohio; the U.S. Virgin Islands; the District of Columbia; and the cities of Atlanta, Chicago, Cincinnati, Houston, New York and San Antonio, among others.
Building on a reputation for technical expertise and creative problem solving, Rice Financial has blossomed from a respected Wall Street derivative boutique to a nationally recognized bond underwriter and taxable fixed income investment provider.
Senior manager on transactions for
the states of Connecticut, Illinois and Ohio; the Empire State Development Corporation; the New York State Environment Facilities Corporation, the Virgin Islands Water and Power Authority; the cities of Charleston (SC), Chicago, Houston, Inglewood (CA), Jackson (MS), New York and St. Louis; the District of Columbia; the Harris County Toll Road Authority (TX); and Houston Community College, among others.
Senior manager of Jackson Public Schools transaction (Mississippi), which earned acclaim as a Bond Buyer Southeast Region Deal of the Year.
- Increase in taxable fixed income sales to state and local governments from $4.1 billion in 2006 to $10.7 billion in 2012.
- More than $137 million in swap cash flow savings paid to municipal clients to date.