April 2008
Intermediate to advanced
1376 pages
38h 48m
English
Content preview from The Handbook of Municipal Bonds
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
CHAPTER 2
An Overview of Investment Banking
Herman R. Charbonneau Senior Vice President & Manager Public Finance Department Roosevelt & Cross, Inc.
This chapter provides an overview of investment banking from the perspective of the senior managing underwriter. The principles are basically the same for the large national broker-dealer as well as the smaller regional broker-dealer. This chapter also defines regional investment banking firms, and their share of the overall public finance market, and identifies the services that these firms offer to state-level and local government bond issuers. The competitive advantages and disadvantages of regional firms, vis-à-vis the national market leaders, are also discussed. The chapter concludes with a discussion of some of the challenges currently faced by regional public finance bankers as they seek to maintain and expand their market share.
OVERVIEW OF PUBLIC FINANCE BANKING
Public finance is the business of originating, structuring, and underwriting new municipal bond issues that are sold via a negotiated process. The business also encompasses financial advisory assignments, not entailing underwriting, for new issues. Public finance has grown rapidly over the past two decades as negotiated finance came to dominate the market.
Note: Quantitative date appearing in this chapter regarding municipal bond issuance volume, revenue bond issuance volume, and negotiated and competitive bond issuance volume were taken from The Bond Buyer/Thomson ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.