Home
Home

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.

Bond Offerings

Last updated: 3/11/2010 10:12:33 PM EST
Refresh every:   
12345
ParMoodyS&PCusipIssuerIns.BQCouponMaturityYTWPriceNext CallCall PriceDescriptionDatedRatingYTMYTCState
 350Aa3AAA718867QS6PHOENIX ARIZ STR & HWY USER R-N5.00007/01/20100.300101.368  PHOENIX ARIZ STR & HWY USER REV

06/01/2003Aa3/AAA/N.A.0.3000.300AZ
 425Aa2N.A.715390EK2PERTH AMBOY N J BRD ED REF SCFSAN4.00008/01/20100.300101.385  PERTH AMBOY N J BRD ED REF SCH BDS
2008REF SC
05/06/2008Aa2/N.A./WD0.3000.300NJ
 25Baa1NR50547NBC7LACEY MUDNATLN5.10011/01/20101.850102.016  LACEY MUD
TAXABLE-NATL RE INSD
08/01/2002Baa1/NR/WD1.8501.850NJ
 340Aa2N.A.548210LS0TWP OF LOWER MAKEFIELD, PA-Y2.00006/15/20110.450101.835  TWP OF LOWER MAKEFIELD, PA
GO REF BDS SER OF 2010 BE BQ
04/01/2010Aa2/N.A./N.A.0.4500.450PA
 50Aa3AAA082869JM1BENTON CNTY WASH PUD #1FSAN5.25011/01/20111.000106.832  BENTON CNTY WASH PUD #1
ELEC REV RFDG-SER A FSA
12/01/2001Aa3/AAA/A1.0001.000WA
 25Aa3AAA052414BQ1AUSTIN TEX ELEC UTIL SYS REV-N4.00011/15/20110.550105.705  AUSTIN TEX ELEC UTIL SYS REV

02/15/2002Aa3/AAA/AA-0.5500.550TX
*150Aa3AAA20775RBB6CONNECTICUT ST SPL ASSMTAGMN5.00001/01/20120.500104.546  CONNECTICUT ST SPL ASSMT
SEPRE-REFUNDED 01/01/11 @ 101
AGM INSD		10/01/2000Aa3/AAA/AA0.5000.500CT
 100Aa3AA072024CK6BAY AREA TOLL AUTH CALIF TOLL-N3.75004/01/20120.750106.066  BAY AREA TOLL AUTH CALIF TOLL BRDG REV S
AN FRANCISCO BAY AREA-SER F HIGHWAY IMPS
FED & ST TAX-EXEMP		04/25/2006Aa3/AA/AA-0.7500.750CA
 15N.A.AA650014ND1NY STATE THRUWAY AUTH SEC GEN-N5.00004/01/20121.267107.500  NY STATE THRUWAY AUTH SEC GEN
HWY & BRDG TST FD BDS SER 2008B
09/04/2008N.A./AA/AA-1.2671.267NY
 0A3NR606901YX8MISSOURI ST HEALTH & EDL FACSNATL REN4.50004/01/20121.100103.51104/01/2011100.00MISSOURI ST HEALTH & EDL FACS AUTH EDL F
ACS REV WEBSTER UNIV UNIV. & COLLEGE IMP
FED & ST TAX-EXEMP NATL-RE INSURED		03/02/2001A3/NR/A-2.7201.100MO
 0Aa2AA+416489GF3HARTFORD CNTY CONN MET DISTAMBACN5.00005/01/20120.900108.609  HARTFORD CNTY CONN MET DIST
AMBAC INSD
11/01/2004Aa2/AA+/WD0.9000.900CT
 580Aa1N.A.236091H64DANE CNTY WI-N2.00006/01/20120.680102.855  DANE CNTY WI
GO REF BONDS SER 2010B BE
03/15/2010Aa1/N.A./AA+0.6800.680WI
 20NRAA609566WX8MONMOUTH CNTY N J IMPT AUTH RAMBACN5.00007/15/20121.250108.585  MONMOUTH CNTY N J IMPT AUTH REV
PROJ-B-AMBAC INSD
07/15/2002NR/AA/WD1.2501.250NJ
 180N.A.AAA649143FS8NEW WAVERLY ISDPSFY2.00002/15/20131.000102.823  NEW WAVERLY ISD
ULT REF BONDS 2010
CURRENT INTEREST BONDS BQ		03/01/2010N.A./AAA/N.A.1.0001.000TX
 100N.A.AAA032645CS0ANAHUAC ISD TXPSFN2.00002/15/20131.000102.864  ANAHUAC ISD TX
ULT SCHL BLDG BDS SER 2010 BQ
PSF GTD		03/01/2010N.A./AAA/N.A.1.0001.000TX
 230N.A.AAA649902P23NEW YORK ST DORM AUTH ST PERS-N1.89802/15/20131.850100.134  NEW YORK ST DORM AUTH ST PERS INCOME TAX
REV TAXABLE-SER B PUBLIC IMPS. POLLUTIO
FED TAXABLE/ST TAX		03/11/2010N.A./AAA/AA-1.8501.850NY
 6585Aa3N.A.186054FH0ISD NO. 2 OF CLEVELAND CNTY O-N2.00005/01/20131.200102.343  ISD NO. 2 OF CLEVELAND CNTY OK
GO COMBINED PURP BDS SER 2010
05/01/2010Aa3/N.A./N.A.1.2001.200OK
 500Aa1N.A.236091H72DANE CNTY WI-N2.00006/01/20130.930103.348  DANE CNTY WI
GO REF BONDS SER 2010B BE
03/15/2010Aa1/N.A./AA+0.9300.930WI
 630Aa2N.A.548210LU5TWP OF LOWER MAKEFIELD, PA-Y2.25006/15/20131.000103.912  TWP OF LOWER MAKEFIELD, PA
GO REF BDS SER OF 2010 BE BQ
04/01/2010Aa2/N.A./N.A.1.0001.000PA
 30NRAA023357DL7AMBRIDGE PENN TAXABLE-PENSION-N0.00011/15/20133.72087.242  AMBRIDGE PENN TAXABLE-PENSION
PENSION FUNDING UTGO
FED TAXABLE/ST TAX		05/24/2006NR/AA/N.A.3.7203.720PA
 100N.A.AAA649902PC1NEW YORK ST DORM AUTH ST PERS-N3.75012/15/20131.400108.548  NEW YORK ST DORM AUTH ST PERS INCOME TAX
REV ECONOMIC DEV & HSG-SER A HOUSING
FED & ST TAX-EXEMP		03/12/2008N.A./AAA/AA-1.4001.400NY
 15NRNR446873AZ4HUNTLEY ILL PK DISTNATL REN4.95001/01/20142.047105.35001/01/2012100.00HUNTLEY ILL PK DIST
FED BQ-NATL RE INSD
06/01/2001NR/NR/WD3.4672.040IL
 300Aa3AA018106BA1ALLEN TEX INDPT SCH DIST SCH-N4.00002/15/20141.050111.282  ALLEN TEX INDPT SCH DIST SCH BLDG-SER A
SCHOOL IMPS. UTGO
FED TAX-EXEMPT		08/01/2009Aa3/AA/N.A.1.0501.050TX
 0Aa3AAA457218JM8INKSTER MICH G OFSAN4.25003/01/20142.386107.000  INKSTER MICH G O

06/01/2006Aa3/AAA/WD2.3862.386MI
 425Aa3NR272556KM2EAST GREENBUSH CENT SCHL DISTASSURDY3.00003/15/20141.400106.190  EAST GREENBUSH CENT SCHL DIST
NY SCHL DIST SERIAL BDS 2010 BQ
AGC INSD		03/15/2010Aa3/NR/1.4001.400NY
 7765Aa3N.A.186054FJ6ISD NO. 2 OF CLEVELAND CNTY O-N2.00005/01/20141.500101.930  ISD NO. 2 OF CLEVELAND CNTY OK
GO COMBINED PURP BDS SER 2010
05/01/2010Aa3/N.A./N.A.1.5001.500OK
 605Aa2N.A.548210LV3TWP OF LOWER MAKEFIELD, PA-Y2.25006/15/20141.300103.859  TWP OF LOWER MAKEFIELD, PA
GO REF BDS SER OF 2010 BE BQ
04/01/2010Aa2/N.A./N.A.1.3001.300PA
 25Aa3NR590621FU7MESA CNTY COLO VY SCH DIST NOMBIAN4.00012/01/20141.650110.601  MESA CNTY COLO VY SCH DIST NO REF
BDS2004REF BD
02/15/2004Aa3/NR/WD1.6501.650CO
 5NRNR6845034E2ORANGE CNTY FLA HEALTH FACS-N3.75001/01/20153.000103.320  ORANGE CNTY FLA HEALTH FACS
NEMOURS FNDTN HLTH, HOSP, NURS
01/26/2005NR/NR/WD3.0003.000FL
 455Aa3NR272556KN0EAST GREENBUSH CENT SCHL DISTASSURDY3.00003/15/20151.750105.949  EAST GREENBUSH CENT SCHL DIST
NY SCHL DIST SERIAL BDS 2010 BQ
AGC INSD		03/15/2010Aa3/NR/1.7501.750NY
12345
* - Denotes Pre-Refunded Offering

This document is intended for illustrative purposes only, and is not a solicitation, commitment or offer. The information herein & the data underlying it has been obtained from sources that we believe are reliable, but no assurance can be given that this information is accurate or complete or that the returns or yields described can be obtained. First Southwest Co. or its employees may take the other side of any order by you, enter into transactions contrary to any recommendations herein, or have positions or make markets in the securities mentioned herein or options or futures contracts relating thereto and may also have performed investment banking services or public finance services. The investments discussed herein may not be suitable for all investors, you should consult your own investment advisor.

Underwriting Calendar

Sales TypeIssuerStateDescriptionPar AmountPricingMaturityBQ
NegotiatedMcKinney ISDTXUT Schol Bldg Rfdg Bds, Sr10$32,044,949.003/11/2010 No
NegotiatedFrenship ISDTXSch Bld Bds, S 10$12,500,000.003/11/2010 Yes
CompetitiveSeattle, WAWATxbl Lim Tax GO Imp S10-A (BABs)$58,235,000.003/11/201020-30No
CompetitiveFlagstaff USD, AZAZSchl Imp Bonds Proj of 06, S10-C$23,100,000.003/11/201012-22Yes
CompetitiveSeattle, WAWALim Tax GO Imp & Rfdg S10-B$143,190,000.003/11/201010-31No
CompetitiveMultnomah Co,ORORGO Bonds, S10$9,800,000.003/11/201011-17No
CompetitiveScituate, MAMAGO BANS 10$5,700,123.003/11/2010 Yes
NegotiatedBrownwoodTXGO Rfdg S10$5,185,000.003/11/2010 No
NegotiatedKrum ISDTXUT Rfdg S10$2,570,000.003/11/2010 Yes
NegotiatedClifton ISDTXUT Rfdg S10 (Tent)$0.00  No
NegotiatedMaine Govt Fac AuthMELease Rental Rev Rfdg S10-A$29,460,000.00 10-22No
NegotiatedTrinity River AuthTXContract Rev Ref Bonds (Huntsville) S10A$1,825,000.003/15/2010 No
NegotiatedTrinity River AuthTXContract Rev Ref Bonds (Huntsville) S10B$1,765,000.003/15/2010 No
NegotiatedTrinity River AuthTXContract Rev Ref Bonds (Huntsville) S10C$7,625,000.003/15/2010 No
NegotiatedStillwater, OKOKGO Rfdg Bonds, S10$8,390,000.003/15/2010 No
CompetitivePennridge SD, PAPAGO Bonds, S10$8,375,000.003/15/201011-24Yes
CompetitiveEast Stroudsburg Area SD, PAPAGO S10$12,215,000.003/15/201010-14Yes
CompetitiveJamestown PSD #1, NDNDGO Schl Bldg Rfdg S10$13,455,000.003/15/201012-17Yes
CompetitiveNorthampton MUDTXUT Bonds, S10$4,000,000.003/15/201011-34Yes
NegotiatedNewport, RIRIRfdg Bonds 10$13,300,000.003/16/2010 No
NegotiatedKansas City, MOMOTaxable GO Imprvmnt (RZED) Bds S10B$10,195,000.003/16/2010 No
CompetitiveOrlando, FLFLCap Imp Rfdg S10-A$10,000,000.003/16/201015-16No
CompetitiveOconee Co SD, SCSCGO Bonds, S10-A$11,650,000.003/16/201011-18Yes
CompetitiveOrlando, FLFLCap Imp Rfdg S10-B$20,360,000.003/16/201011-22No
CompetitiveWake Co, NCNCT/E GO Pub Imp Bonds, S10-A$86,295,000.003/16/201011-23No
CompetitiveHoosick Falls CSD, NYNYSchl Dist Serial Bonds, S10$7,511,000.003/16/201011-23Yes
CompetitiveWest Allis, WIWITxbl GO Rfdg S10-A$17,715,000.003/16/201011-29No
CompetitiveBellwood-Antis SD, PAPAGO Bonds S10$5,150,000.003/16/201010-14Yes
CompetitiveBellwood-Antis SD, PAPAGO Bonds S10-A$2,170,000.003/16/201011-18Yes
CompetitiveWake Co, NCNCTxbl GO Pub Imp Bonds, S10-B (BAB's)$39,505,000.003/16/201024-26No
CompetitiveTrophy Club MUD 1TXUT Bonds, Series 2010$2,000,000.003/16/201012-33Yes
CompetitiveHarris Co MUD 399TXUT Bonds, S10$2,540,000.003/16/201011-36Yes
CompetitiveManchester, PAPAGO S10$7,975,000.003/16/201010-24Yes
CompetitiveMultnomah Co,ORORGO Rfdg S10$48,455,000.003/16/201010-16No
CompetitiveCanton, TXTXUtility Syst Rev Bonds, S10$1,060,000.003/16/201010-30Yes
CompetitiveBelknap Co, NH GO TANs 10$7,300,000.003/16/2010 Yes
NegotiatedOrlando-Orange Co Exp AuthFLRev Bds, S10A$350,000,000.003/16/2010 No
NegotiatedKansas City, MOMOGO Improvment & Rfdg Bds, S2010A$33,330,000.003/16/2010 No
NegotiatedNew York City Muni Wtr Fin AuthNYWtr & SS Sec Gen Res Rev, Fiscal S 10-FF$360,000,000.00  No
CompetitiveClaiborne Co, TNTNT/E GO Pub Imp Bonds, S10-A$41,080,000.003/17/201011-30No
CompetitiveWisconsinWIGO S10-A$143,525,000.003/17/201012-19No
CompetitiveWisconsinWITxbl GO Bonds, S10-B (BAB's)$179,105,000.003/17/201020-30No
CompetitiveChesterfield Co SD, SCSCGO Rfdg S10$25,855,000.003/17/201013-23Yes
CompetitiveOdessa-Montour Ctrl SD, NYNYSchl Dist Rfdg Serial Bonds, S10$5,770,000.003/17/201010-20Yes
CompetitiveBethel SD #403, WAWAUT GO Rfdg S10$37,295,000.003/17/201010-22No
CompetitiveSevier Co SD BOE, UTUTGO Rfdg S10$7,180,000.003/17/201011-16Yes
CompetitiveCarroll County, NHNHGO TANs 10$8,000,000.003/18/2010 No
CompetitiveAuburn, MAMABANs S10$1,992,350.00  No
CompetitiveCoventry, RIRIGO Bans S10$3,500,000.003/18/2010 No
CompetitiveHaverhill, MAMAState Qualified BAN S10$7,725,000.003/18/2010 No
NegotiatedIllinoisILGO BABS 2010-3$700,000,000.003/18/2010 No
CompetitiveRevere, MAMABAN S10$637,500.003/18/2010 No
CompetitiveMadison Co, TNTNGO Rfdg S10$16,175,000.003/18/2010 Yes
CompetitiveWolfe Co Pub Props Corp, KYKYFirst Mortg Rev S10 (Justice Center Proj)$12,145,000.003/18/2010 No
CompetitiveYork, MEMEGO Rfdg S10$10,785,000.003/18/201011-20Yes

Upcoming Events

FirstSouthwest professionals attend numerous industry conferences, exhibitions and trade shows around the country each year. Our schedule of upcoming events appears below. For details, please contact Katie Honea, FirstSouthwest Corporate Event Coordinator, at 214.953.4081 or katie.honea@firstsw.com.

  • May 5-7, 2010

    TBA Annual Convention and Expo

    San Antonio TX

    Visit the MC Planning booth at the Texas Bankers Association (TBA) Annual Convention and Exposition in San Antonio, Texas.
     
     

     


Upcoming Events

EmployeeSearch

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