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. SWS provides state-of-the-art in-house debt structuring and financial analysis capabilities. Our services include:

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• 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.

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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.