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Municipal Bonds

Barclays Capital is one of the top dealers of US municipal bonds. Our municipal finance services are comprehensive and include investment banking, underwriting, derivatives, research, re-investment services, sales and trading. We have managed over 2,600 transactions totaling more than US$150 billion for our clients over the past ten years.

Our team of municipal finance professionals provides clients with:

  • comprehensive services and products for municipal issuers and investors to minimize borrowing costs, enhance investment returns and more effectively manage assets and liabilities; and
  • in-depth industry and technical expertise in the origination, derivatives, structuring and execution of debt financing.

Our clients include state and local governments, public authorities, not-for-profit organizations and private consortia.

Our office network is spread across the US and Puerto Rico in order to better serve our national client base.  Our offices include:

  • New York, NY
  • Boston, MA
  • Chicago, IL
  • Houston, TX
  • Los Angeles, CA
  • San Juan, PR
  • San Francisco, CA
  • Seattle, WA
  • Washington, DC

Our areas of expertise include:

  • Education
  • General infrastructure
  • Healthcare
  • Housing
  • Pension obligation bonds
  • Project finance/public private partnership
  • Transportation
  • Tobacco securitization
  • Utilities
  • Public Power

Research
Our research team has received consistent recognition from Institutional Investor as the industry leader in providing trading advice and strategy for our clients. We provide in-depth coverage of various credit sectors, including G.O.'s, transportation, utilities, hospitals, housing, project financing, and below-investment-grade industrial revenue bonds. Our goal is to anticipate changes in market trends and the regulatory environment that may affect our clients.

Significant 2008 Transactions

Issuer Amount Transaction Type
State of California US$3.18 bn Economic Recovery Bonds Series 2008A & Series 2008B
Triborough Bridge & Tunnel Auth. (MTA Bridges & Tunnels US$1.08 bn General Revenue Bonds Series 2008A and Series 2008B
North Texas Tollway Authority US$1.00 bn Second Tier Revenue Refunding Bonds Series 2008F