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Rice Financial Products Company is one of the fastest growing underwriters of municipal bonds in the United States today. Founded in New York in 1993, Rice Financial provides services to municipalities and not-for-profit institutions in four key areas:
- Structuring and Underwriting
- Municipal Sales and Trading
- Taxable Fixed Income Investing
Rice Financial has experienced a remarkable transformation in the past few years. Since 2006, the firm has increased its municipal bond underwriting volume fourfold, opened new offices in California, Florida, Georgia, Missouri, New Jersey, North Carolina and Washington, DC, and secured book-running senior manager assignments in some of the country’s most prestigious underwriting syndicates, including the New York State Empire State Development Corporation, the State of Ohio, the District of Columbia, the U.S. Virgin Islands, and the cities of Atlanta, Chicago, Cincinnati, Houston and Memphis, among others.
Building on a reputation for technical expertise and creative problem solving, Rice Financial has blossomed from a respected Wall Street derivative boutique to a nationally recognized bond underwriter and taxable fixed income investment provider.
Recent Highlights
- Participation as a managing underwriter in bond issues totaling $13.5 billion in the first quarter of 2010, garnering a 17th place national ranking, full credit to each manager.
- Senior co-manager for the City of New York in its GO, Transitional Finance Authority and Water underwriting syndicates - one of only three co-managers qualified by the City to senior manage transactions.
- Investment banker and trustee for the U.S. Department of Education Historically Black College & University (HBCU) Capital Financing Program on a billion dollar portfolio.
- Threefold increase in taxable fixed income sales to state and local governments, from $4.1 billion in 2006 to $15.7 billion in 2009.
- More than $137 million in swap cash flow savings paid to municipal clients to date, including $25 million in 2009.
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