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MUNICIPAL & INFRASTRUCTURE FINANCE EXPERIENCE
Municipal Services & Select Municipal & Infrastructure Finance Transactions
*Select one of the above to navigate to it directly*
Overview

Siebert Williams Shank has managed over $1.4 trillion of municipal bonds in more than 5,000 transactions for the funding of education, housing, health services, transportation, utilities, capital facilities, economic development, redevelopment and general infrastructure projects. Through this experience, the firm has established itself as a pioneer in the municipal marketplace, consistently developing innovative ideas and structures to better align client financing goals with the dynamics of the capital markets and reaching new firm and industry milestones.

Siebert Williams Shank serves on The Bond Buyer's Deal of the Year Winners

State of Wisconsin

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Co-Dealer Manager/

Co-Senior Manager

$454.3 million

Innovative Category - 2025

Columbus Regional Airport Authority

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Co-Senior Manager

 

$1.21 billion

Midwest Category - 2025

New York Transportation Development Corp

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Joint-Senior Manager

 

$1.95 billion

 Green Category - 2024

Alexandria Sanitary Authority

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Senior Manager

 

$46 million

Small Issue Category - 2024

City of Chicago

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Joint-Senior Manager

$1.7 billion

Midwest Category - 2023

State of Oregon

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Co-Senior Manager

 

$989 million

Far West Category - 2023

City of Atlanta

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Joint-Senior Manager

 

$370 million

 Southeast Category - 2023

San Diego County

Regional Airport Authority

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Co-Senior Manager

 

$1.9 billion

Far West Category - 2022

The Board of Education of the City of Newark, NJ

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Senior Manager

 

$94 million

ESG/Green Category - 2021

Dallas Fort Worth International Airport

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Senior Manager

 

$392 million

Southwest Category - 2020

Los Angeles County Metropolitan Transportation Authority

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Senior Manager

 

$545 million

 ESG/Green Category - 2019

Underwriting

The public finance department is structured to maximize the value of the technical and execution services that we offer our clients. It is comprised of investment bankers with a variety of professional backgrounds, and combines extensive structuring and underwriting experience with a long history of innovation for the firm’s clients. Siebert Williams Shank provides state-of-the-art in-house debt structuring and financial analysis capabilities. Our services include:

  • Debt portfolio creation and monitoring of potential restructuring and refunding opportunities to provide ongoing advice for overall debt management;

  • Tax-exempt and taxable debt structuring, including optimal bond sizing calculations utilizing fixed, stepped and zero coupons;

  • Proprietary sizing and refunding applications, portfolio optimization calculations, and preparation of escrow and arbitrage compliance calculations necessary to optimize advance-refunding tran-sactions;

  • Project financing strategies;

  • Flow of funds models;

  • Analysis of derivative products; and

  • Call optimization strategies.

In addition to the above services, we keep our clients abreast of  changes and trends in the municipal market. Our sophisticated market analytic tools assist both our buy-side clients as well as new issue municipal clients.

Municipal Sales & Trading

We are able to market bonds of every credit rating to suitable institutional and professional retail investors*. Blending professional retail with our traditional institutional distribution into a unified marketing plan enables us to market securities at attractive interest rates in all market conditions, often achieving interest rate savings that significantly exceed what other firms can accomplish. Read more on our Sales, Trading & Research page.

*The term “professional retail” refers to investors that serve as proxies for retail investors such as bank trust departments, investment advisors and firms representing investors with separately managed accounts.

Professional Retail

Siebert Williams Shank also delivers services to professional retail buyers (SMA). In fact, we are a leading liquidity provider for highly rated municipal bond investors, especially in the SMA space. Over 50% of SWS' secondary market activity is with SMA, Private Wealth management and Money Management accounts. Our trading volume with these accounts in 2023 totaled over $15.8 billion. Additionally we are one of the market leaders in providing liquidity for "retail-sized" trades (<$500k). Since 2018, Siebert Williams Shank has executed over 183,000 trades with a par amount of $200k or less, making up 85% of our total number of trades.

Coverage Map
Siebert Williams Shank Led Transactions Across U.S. Markets
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Source Map: SDC - par amounts reflective of Siebert Williams Shank-led financings since inception. Shaded regions (yellow) represent states in which Siebert Williams Shank has completed transactions.

Market Insights

Municipal Market Insights

Select Municipal Finance Transactions

Select Senior Managed Municipal & Infrastructure Finance Transactions

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City of New York General Obligation Bonds

General Obligation Bonds, Fiscal 2027 Series

Sep 10, 2026

BOOKRUNNING SENIOR MANAGER

$1.59 Billion

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Tuloso-Midway Independent School District

Unlimited Tax School Building Bonds, Series 2026

Aug 18, 2026

BOOKRUNNING SENIOR MANAGER

$121,155,000

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Port of Port Arthur Navigation District of Jefferson County

Port Revenue Bonds, Series 2026

Aug 13, 2026

BOOKRUNNING SENIOR MANAGER

$30,000,000

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The Board of Regents of the University of Texas System

Revenue Financing System Bonds, Series 2026C

Jun 30, 2026

BOOKRUNNING SENIOR MANAGER

$113,850,000

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Great Lakes Water Authority

Series 2026 Water and Sewer System Bonds

May 19, 2026

BOOKRUNNING SENIOR MANAGER

$1,025,955,000

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Fort Bend Independent School District

Unlimited Tax School Building and Refunding Bonds, Series 2026A

May 5, 2026

BOOKRUNNING SENIOR MANAGER

$317,610,000

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Southfield Public Schools

2026 School Building and Site Bonds (Unlimited Tax General Obligation)

Apr 28, 2026

SENIOR MANAGER

$94,550,000

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Oakland Unified School District

2026 General Obligation Bonds

Mar 26, 2026

SOLE MANAGER

$352,785,000

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City of Pflugerville, Texas

Combination Tax & Limited Revenue Certificates of Obligation, Series 2026

Mar 24, 2026

SENIOR MANAGER

$40,670,000

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The Regents of the University of California

General Revenue Bonds, 2026 Series CE and CF

Feb 25, 2026

JOINT-SENIOR MANAGER

$1,977,680,000

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