Municipal Bonds
For clients seeking access to the municipal market, we present multiple financing scenarios before recommending the optimal strategy, based upon factors such as: financial covenants, call provisions, security features, rating requirements, loan terms, interest rate modes and disclosure obligations. We manage the selection of underwriters, credit enhancers and all third parties for its clients.
As an MSRB/SEC-Registered Municipal Advisor we provide fiduciary representation of municipalities, local governments, hospitals, housing authorities, economic development organizations nonprofits, and higher education institutions for the issuance of municipal bonds and note offerings.
As an independent advisory firm with no ties to any commercial or investment bank our bond representation is solely focused on our clients and not the investment community.
InnoVative Capital’s Role as Municipal Advisor
Planning, Development and Financial Structuring
- Financial forecasting and credit rating analysis to size debt issues and capital project.
- Security structure optimization.
- Borrower creditworthiness enhancement through composite funding sources.
- Generate and lead the RFP process for the selection of underwriters, feasibility consultant and trustee bank.
- Review financing options.
Bond Underwriting and Closing
- Borrower representation throughout the preliminary Official Statement process.
- Official Statement review & Direct the Rating Agency process.
- Completion of Appendix A.
- Pre-marketing of securities to investor community.
- Evaluation of initial pricing of securities and terms set by underwriters.
- Client representation at loan closing.
- Post-closing review of underwriter performance.
Ongoing Financial Services Public disclosure
- Disclosure maintenance.
- Investor communications.
- Rating Agency submissions.
- Covenant compliance.
- Project disbursement reviews.
“Habersham”