Public Finance Services
The Public Finance Group works within one of the PMA companies, PMA Securities, LLC. Combining experience with sophisticated knowledge of debt issuance and capital markets, we provide unparalleled service to municipal entities regarding all matters of the bonding process. Rather than providing solutions that suit the municipal advisor or underwriter, the Public Finance Group creates solutions that consider the municipal entity’s best interests. PMA extensively reviews a client’s financial position, evaluates its debt capacity and understands its debt issuance needs.
PMA Public Finance Group
- PMA Securities was ranked #1 Financial Advisor every year since 2009 for K-12 school districts in Illinois.1
- PMA Securities was ranked #1 Financial Advisor for community colleges for the 12-month period ending June 30, 2022.2
- PMA Securities was ranked the #2 Financial Advisor to all Illinois issuers during the 12-month period ending June 30, 2022.3
1 Source: Thomson Financial Services and emma.msrb.org. Based on the par amount and number of issues advised upon for Illinois K-12 districts during the 12-month period ending June 30 of each respective year. Includes Financial Advisors on negotiated and competitive sales. Does not include Chicago Board of Education. Please note that past performance does not indicate future results.
2 Source: Refinitiv and emma.msrb.org. Based on the number of issues advised upon for Illinois community college districts during the 12-month period ending June 30, 2022. Includes Financial Advisors on negotiated and competitive sales. Please note that past performance does not indicate future results.
3 Source: Refinitiv. Based on the number of issues advised upon for Illinois issuers during the 12-month period ending June 30, 2022. Includes Financial Advisors on negotiated and competitive sales. Please note that past performance does not indicate future results.
Municipal Advisor Services
We recommend the best approach for our clients to meet their financing goals and specific needs. The main focus of the Public Finance Group is to provide issuers with sound financial advice to aid them in the decision making process and to achieve the lowest cost of financing.
The Public Finance Group performs a variety of municipal advisory services, including:
- Bond and tax referendum planning
- A review of financing options for proposed projects and needs
- Quantitative analysis for optimal debt structuring and issuance
- Recommendation for method of sale, such as negotiated, competitive or direct placement to provide attractive financial terms for our clients
- Review of available debt capacity, refunding options and long-range debt management
- Long-range capital planning
- Bond and debt offering documentation and facilitation of the debt issuance process
- Credit rating analysis and rating agency presentation preparation
- Updates on market dynamics and other market-related developments, including state and federal legislation impacting the municipal bond market
- Final closing documentation and certifications
- Post issuance monitoring and advice including levy review, debt summary and debt book updates, educational presentations and record keeping
- Development of fund balance, debt management and post issuance compliance policies
Dissemination Agent Services
The Public Finance Group can assist municipal entities in complying with annual continuing disclosure requirements by acting as an appointed dissemination agent. The Public Finance Group assists in compiling and filing the annual financial information and annual financial report in addition to filing multiple types of reportable events pursuant to SEC Rule 15c2-12, when we are notified of such events by our clients. These annual disclosures may include, but are not be limited to, the following:
- Property valuation
- Tax rates
- Top taxpayers
- Top employers
- Tax collections and extensions
- Debt limit, statement, and ratios
- General fund revenue and expense updates
- Other fund summary
- Pension and OPEB commitments
