top of page
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

State of Wisconsin.png

Co-Dealer Manager/

Co-Senior Manager

$454.3 million

Innovative Category - 2025

Columbus Regional Airport Authority

Columbus Regional Airport Authority.png

Co-Senior Manager

 

$1.21 billion

Midwest Category - 2025

New York Transportation Development Corp

JMP_JFK_T6_Primary_RGB_Main_Logo.jpg

Joint-Senior Manager

 

$1.95 billion

 Green Category - 2024

Alexandria Sanitary Authority

logo-new.jpg

Senior Manager

 

$46 million

Small Issue Category - 2024

City of Chicago

STSC_Logo_Color_(1).PkTuMLMZ.png

Joint-Senior Manager

$1.7 billion

Midwest Category - 2023

State of Oregon

State of Oregon_edited.jpg

Co-Senior Manager

 

$989 million

Far West Category - 2023

City of Atlanta

showimage.png

Joint-Senior Manager

 

$370 million

 Southeast Category - 2023

San Diego County

Regional Airport Authority

images.png

Co-Senior Manager

 

$1.9 billion

Far West Category - 2022

The Board of Education of the City of Newark, NJ

NewarkBOEseal-300x300.png

Senior Manager

 

$94 million

ESG/Green Category - 2021

Dallas Fort Worth International Airport

cd8aef7ff251fad3988f24569530f27c.jpg

Senior Manager

 

$392 million

Southwest Category - 2020

Los Angeles County Metropolitan Transportation Authority

LACMTA-Logo.png

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
SWS Map Graphic_FINAL.png

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

Filter
Copy of NYC Skyline BW_edited_edited_edi

Pennsylvania Turnpike Commission

Turnpike Revenue and Refunding Bonds, Series A of 2026 and First Series of 2026

Feb 25, 2026

BOOKRUNNING SENIOR MANAGER

$664,140,000

Copy of NYC Skyline BW_edited_edited_edi

District of Columbia

General Obligation Bonds and General Obligation Refunding Bonds, Series 2026AB

Feb 10, 2026

CO-SENIOR MANAGER / CO-DEALER MANAGER

$870,205,000

Copy of NYC Skyline BW_edited_edited_edi

Equitable School Revolving Fund

Senior National Charter School Revolving Loan Fund Revenue Bonds, Series 2026A (Social Bonds)

Feb 4, 2026

SENIOR MANAGER

$275,000,000

Copy of NYC Skyline BW_edited_edited_edi

Port Authority of NY and NJ

Consolidated Bonds, 251st Series

Feb 4, 2026

SENIOR MANAGER

$350,000,000

Copy of NYC Skyline BW_edited_edited_edi

Los Angeles Dept. of Water and Power

Power System Revenue Bonds, 2025 Series D

Jan 22, 2026

SENIOR MANAGER

$772,035,000

Copy of NYC Skyline BW_edited_edited_edi

Arlington Independent School District

Unlimited Tax Refunding Bonds, Series 2025A

Dec 2, 2025

SENIOR MANAGER

$60,570,000

Copy of NYC Skyline BW_edited_edited_edi

Massachusetts Housing Finance Agency

Housing Bonds, 2025C (Sustainability Bonds)

Nov 17, 2025

CO-JOINT SENIOR MANAGER

$283,030,000

Copy of NYC Skyline BW_edited_edited_edi

NYC Transitional Finance Authority

Future Tax Secured Tax-Exempt Subordinated Bonds, Fiscal 2026 Series B

Oct 22, 2025

BOOKRUNNING SENIOR MANAGER

$1,500,000,000

Copy of NYC Skyline BW_edited_edited_edi

Wayne County Airport Authority

2025D-H Bonds

Oct 21, 2025

SENIOR MANAGER

$459,585,000

Copy of NYC Skyline BW_edited_edited_edi

State of California

Various Purpose GO Bonds

Sep 25, 2025

JOINT-SENIOR MANAGER

$2,422,765,000

bottom of page