Debt Issuance and Management

Tax-Exempt Bonds

PRAG has extensive experience advising on the structuring and issuance of many different types of financings.  Some areas that we focus on include:

  • General Obligation Bonds
  • Transportation Bonds including Toll Roads, Transit, Airports and Seaports
  • Water and Wastewater Revenue Bonds
  • Lease Revenue Bonds/Certificates of Participation
  • Personal Income Tax Bonds
  • Sales Tax Revenue Bonds
  • Appropriation Backed Bonds
  • Electric Utility Revenue Bonds
  • Special Assessment Bonds
  • Tax Increment Bonds

Short-Term and Hedging Products

  • Grant Anticipation Notes / GARVEE Bonds
  • Bond Anticipation Notes
  • Revenue Anticipation Notes
  • Tax Anticipation Notes
  • Variable Rate Bonds
  • Auction Rate Securities
  • Derivative Products
  • Commercial Paper

Taxable and Structured Debt and Securitizations

  • Taxable Municipal Bonds
  • Tobacco Securitization
  • Rate Reduction Bonds
  • Project Financings
  • Federal Lending Programs (TIFIA, RRIF)
  • Public-Private Partnership Transactions (P3’s)
  • Eurodollar Offerings and Samurai Bonds
  • Payments-in-Lieu-of-Taxes (PILOTs)

Affordable Housing

  • Mortgage Revenue Bonds
  • Multifamily Housing Bonds