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Sterne Agee Serves as Sole Underwriter for the City of Jackson, Mississippi's Bond Issue
Sterne Agee Serves as Sole Underwriter for the City of Jackson, Mississippi's Bond Issue
BIRMINGHAM, Ala., May 13 /PRNewswire/ -- Sterne, Agee & Leach, Inc. served
as underwriter for theCity of Jackson, Mississippi's recent $5,155,000 bond
issue. The Series 2008 Special Obligation Bonds were issued through the
Mississippi Development Bank and security for the bonds is a general
obligation and a City ad valorem tax. Sterne Agee was successful in helping
the City affirm its investment grade, A1 underlying rating from Moody's
Investors Service and in securing bond insurance from Assured Guaranty Corp.
Sterne Agee has participated as an underwriter in municipal financings in
theState of Mississippi totaling more than $200 million since 2001. In
addition to itsJackson retail office, Sterne Agee maintains public finance
offices inBirmingham,Atlanta,Macon,Houston,San Antonio,New York, and
Boston. Sterne Agee has served as an underwriter on over 100 municipal
financings throughout the country totaling $18.6 billion in par amount in the
last 12 months.
Founded in 1901, Sterne Agee is one of the oldest and largest
privately-owned brokerage firms in the country. A member of the New York Stock
Exchange, Sterne Agee has headquarters inBirmingham, Alabama and offices in
22 states. For more information, visit www.sterneagee.com
SOURCE Sterne, Agee & Leach, Inc.
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Banking and Finance, Alabama
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