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Questions about Public Finance? UMB has answers.
For a municipality, bonds can provide access to a broad pool of investors and help to achieve a low borrowing cost for their capital projects. For an investor, these bonds can offer a source of tax-free fixed income.
The two most common types of municipal bonds are general obligation bonds issued by states, cities or counties, and revenue bonds which are backed by revenues from a specific project or source, such utility revenues or housing system revenues.
If you’d like to know more about your options for bond financing, contact the UMB Bank Public Finance team.
A municipal bond underwriter is a firm, or group of firms, that purchases bonds directly from a bond issuer and resells them to investors. Underwriters are intermediaries between issuers and investors.
UMB Bank offers municipal bond underwriting, with specialized industry experience. We work with bond issuers to provide unique and customized financing structures to suit their specific public finance needs.
Stay up to date on the latest public finance topics on the UMB Bank blog.