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About our transaction
- Raymond James worked diligently to build a balanced book of institutional and retail investors prior to pricing, resulting in a 6.7x oversubscription and an overall borrowing cost reduction of approximately 4 basis points.
- Present value savings were over $3.4 million or 9.45% of refunded par.
About our transaction
- The Town was spared of a material impact from Hurricane Irma, allowing for strong investor demand with which Raymond James generated over $155 million in orders.
- Raymond James was able to lower yields in most maturities, resulting in a TIC reduction of approximately 4 basis points.
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About our transaction
- The Bonds were issued to construct a 250 bed facility for the South Carolina Department of Mental Health.
- There were no unsold balances with each maturity oversubscribed 2.4x. Raymond James was able to execute the transaction at a TIC of 3.25%.
About our transaction
- The Bonds priced into a difficult market of rising interest rates as a result of the unexpected outcome of the U.S. election.
- Despite these headwinds, Raymond James marketed the Bonds aggressively and achieved savings of over $7 million or 4.99% of refunded par.
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About our transaction
- With the record October issuance amount of over $53 billion, the Bonds contended with the market’s response of increasing yields and widening spreads.
- Despite market uncertainty, RJ brought in orders of over $26 million and underwrote $7 million unsold balances to remove the risk from the District.
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About our transaction
- Raymond James acted as sole manager to bring this first time credit to the marketplace. The issue faced a credit challenge with 30% of its customer base concentrated in one entity.
- The issue was received very well, and RJ was able to reduce yields by 2-4 basis points in five maturities.
