An active public finance partner
The Investment Banking Division public finance group provides tax-exempt and taxable financing solutions for public and private not-for-profit clients. We offer multiple financing structures that allow issuers to efficiently access the marketplace in a responsible, creditworthy and cost-effective manner.
Exclusive underwriting with an experienced team
According to Bloomberg, our municipal bond underwriting desk consistently ranks among the top bank-qualified underwriters in the nation, and we are active in the general market municipal space. We are in the market daily, bidding on municipal bonds coming to market via the competitive bidding process. Our underwriting experience includes a wide array of credits, issue sizes, geographic regions, sale methods and relationships.
Our team of municipal underwriting and trading professionals has more than 100 years of industry experience, including extensive relationships with both bulge bracket firms and regional dealers. Our associates have acted in the capacity of senior manager on more than $2 billion in issues each year for the past 10 years, and we can leverage our unique understanding of both the buy and sell side of the market via UMB’s robust distribution network.
Comprehensive and complementary services
UMB is a full service financial institution offering solutions to institutional clients for investment banking, public finance, corporate escrow, custody and more. For each project, we provide our clients with a comprehensive array of services, including:
- Alternative financing structures
- Cash flow projections, debt service projections and financial schedules
- Information regarding market conditions, forthcoming debt issues and other general economic information which may influence buy/sell decisions
- Participant coordination to help facilitate timely and efficient completion
- Assistance with the selection of legal counsel for the review of all legal documents supporting the financing
We can provide detailed analyses of new money issues, refundings and alternative financing structures. Additionally, we offer debt service projections, market condition updates and other relevant details prior to entering into the capital markets. This tailored approach, paired with our specialized industry experience, allows us to build creative and flexible programs to suit unique public finance needs. We have specific experience in the following areas, and more:
- Cities and counties
- School districts
- Economic Development
- Higher education
- 501(c)(3) organizations
Strength of Capital
One of the key strengths of UMB is our exceptional capital position, and our ability to use that capital to support our clients during the sale of their bonds. With total assets more than $21.5B, and liquid assets of more than $3.7B, UMB has the ability to support the pricing of the bonds along the entire curve from the moment the order period begins. When participating in an underwriting syndicate, we typically place orders for 150% of our commitment throughout the entire maturity structure of the bond issue to support the pricing of the bonds, which helps to maintain pricing power for our clients in the market.
Since 1928, UMB Bank has provided strategic solutions to investment banking clients across industries, from municipalities to correspondent banks to institutions. Learn how our services and responsive investment officers can help you.