About Underwriting

Since 1946 FirstSouthwest has been a trusted leader in public finance and has provided underwriting services for municipal clients across the U.S.

Since 2008, we have served as underwriter on more than $16 billion in long-term issues. We are ranked among the top 25 firms in the U.S. for senior managed long-term underwritings and among the top 20 for senior managed short-term underwritings. We also underwrote more than $475 million of bank qualified securities in 2008, ranking FirstSouthwest among the top 12 firms in the U.S. according to Thomson Reuters.
Unique Benefits
The diversity of our in-house resources translates into a number of unique benefits for our underwriting clients.

  • As of one the largest public financial advisory firms that is also a registered broker-dealer, FirstSouthwest is exposed to a wide variety of underwritings. This provides us a uniquely current perspective and allows us to offer our clients the latest structuring ideas and marketing strategies being employed across all sectors of the market.
  • Our distribution network enhances our ability to pre-market and distribute municipal bonds and notes to a wide variety of investor categories, including large institutional investors, regional institutions and high net worth individuals.
  • FirstSouthwest is dedicated to the municipal bond market. We are known best for our long history as a leading underwriter or financial advisor to municipalities across the nation. Our capital and resources directly support our municipal trading and underwriting activities, and our management thoroughly understands municipal risk.

Distribution Network
Our position as a national leader in public finance enhances our ability to both maintain and expand our distribution network throughout the following investor groups:

  • Tier 1 Firms Large institutional investors, including mutual funds, trust departments, large corporations, money managers, and insurance companies. Our prominence in the financial advisory arena provides us with added credibility when selling bonds to these firms.
  • Tier 2 Firms Regional institutions, such as trust departments, smaller corporations and regional banks. Major underwriting firms often overlook these markets, while we are continuing to expand our sales force within this segment.
  • Tier 3 Firms This includes retail, such as high net worth individuals, local money managers, and prime brokers. We continue to expand our sales force within this valuable segment.

To learn more about our underwriting capabilities, please contact us today.

Underwriting Calendar

Sales TypeIssuerStateDescriptionPar AmountPricingMaturityBQ
CompetitiveMalakoff ISD, TXTXUT Refdg Bds, S14A$3,050,000.009/18/2014 Yes
CompetitiveCaliforniaCAVet GO Bds, S-CJ (NON-AMT)$110,000,000.009/18/2014 No
CompetitiveHarris-Montgomery Co MUD #386, TXTX UT Bds, S14A$28,470,000.009/18/2014 No
CompetitiveChambers Co, TXTXPass-Through Toll Rev & Ltd Tax Bds, S14$9,500,000.009/22/2014 Yes
CompetitivePearland, TXTX CO's S14$4,625,000.009/22/2014 No
CompetitivePearland, TXTXWSS Rev Bds, S14$9,210,000.009/22/2014 No
CompetitiveRio Rancho Pub Sch Dist 94, NMNMGO Sch Bldg and Refdg Bds, S14$21,190,000.009/22/2014 No
CompetitiveFort Bend Co LID 19, TXTXUT Road Imp Bds, S14$5,300,000.009/22/2014 Yes
NegotiatedOklahoma Capitol Imp Auth, OKOKState Agency Fac Refdg Rev Bds, S14C$88,805,000.009/23/2014 No
CompetitiveOhio Dept Admin Svcs, OHOH CO's S14A (Mulit-Agency Radio Comm.)$16,085,000.009/23/2014 No
CompetitiveOhio Dept Admin Svcs, OHOH CO's S14A(Enterprise Data Center Proj.)$34,565,000.009/23/2014 No
CompetitiveOhio Dept Admin Svcs, OHOHCO's S14A (Treasury Mgmnt System)$9,045,000.009/23/2014 No
CompetitiveBrevard Co, FLFLWtr and WW Util Rev Bds, S14$25,235,000.009/23/2014 No
CompetitiveTulsa Metro Util Auth, OKOKUtil Rev Bds, S14$17,825,000.009/23/2014 No
CompetitiveClayton, MO  GO Bds, S14$15,000,000.009/23/2014 No
CompetitiveOcean County, NJNJGen Imp Bds, S14$42,707,000.009/23/2014 No
NegotiatedSTAR Corp, NYNYRev Bds, Fiscal 2015 Ser A$2,006,625,000.009/23/2014 No
CompetitiveWest Ranch Mgmt Dist, TXTXUT Road Bds, S14$2,235,000.009/24/2014 Yes
CompetitiveKaufman Co MUD 2, TXTXUT Road Bds, S14$5,350,000.009/24/2014 Yes
CompetitiveLarkspur-Corte Madera SD, CACAGO Bds, S14A$19,000,000.009/24/2014 No
CompetitiveCypress Hill MUD 1, TXTXUT Bds, S14 $3,925,000.009/25/2014 Yes
CompetitiveHarris Co MUD 33, TXTXUT Bds, S14$7,760,000.009/25/2014 Yes

Upcoming Events

Bond Offerings

The FirstSouthwest Bond Offerings is currently undergoing maintenance. Please contact your sales representative for our current bond offerings at 214.953.4000 




  • Carl Giles
  • Managing Director
  • Capital Markets
  • 214.953.4000
  • Read Bio