MUNICIPAL SECURITIES BANKING, UNDERWRITING, TRADING, AND RISK MANAGEMENT
Wachovia’s municipal market professionals work together to offer a unique blend of investment banking and traditional banking services to governments and non-profits. We are active in the competitive and negotiated underwriting markets, and we provide credit enhancements supporting bond issues as well.
The risk management group customizes a full spectrum of interest rate hedging products to fit each customer’s unique risk profile.
Demonstrated Expertise
- Ranked 20th nationally as Senior Managing Underwriter ($3.4 billion in par amount)
- Ranked 20th nationally as a Co-Managing Underwriter ($21.1 billion in par amount)
- Ranked fifth nationally as municipal letter of credit provider
- Market leader in the Qualified Zone Academy Bond (QZAB) market
- Market leader in structuring and enhancing tax-exempt student housing
- Manage a municipal credit portfolio of approximately $6.0 billion
- Market leader in providing interest rate hedge and re-investment products
Offices are located throughout the Wachovia franchise, including Charlotte, New York, Philadelphia, Hartford, and Richmond.