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.
Wachovia Securities is the trade name for the corporate and investment banking services of Wachovia Corporation and its subsidiaries, including Wachovia Capital Markets, LLC ("WCM"), member FINRA/SIPC.
Debt and equity underwriting, trading, research and sales, loan syndications agent services, and corporate finance and M&A advisory services are offered by WCM.
Mezzanine capital, private equity, municipal securities trading and sales, cash management, credit, international, leasing and risk management products and services are offered by various non-broker dealer subsidiaries of Wachovia Corporation.