Underwriting

The firm’s public finance department is an underwriter of public finance issues, which are bonds issued by state and local agencies, primarily in California, both non-taxable and taxable issues. The firm underwrites municipal securities as senior manager or co-manager. The firm works with its clients on a best-efforts basis to structure and price security issues, ensuring satisfaction of both the issuer and the buyers of the issuer’s bonds, prior to signing definitive commitments.