Smart. Creative. Rice.

Rice Financial adds value because we focus our expertise in specialized areas, providing clients exceptional in‐depth proficiency. And our roots as a derivative firm mean our clients receive world‐class quantitative analysis and execution on the most progressive technological platforms.

Rice truly is different. Just ask the city and state governments, institutional investors and universities that return to us time and again for innovative solutions and exceptional performance.

They know that we are

Smart. Creative. Rice.

$ 0 Billion

Raised for State and Local Governments

0 Million

Equity Shares Traded Monthly

Municipal Bond Issues Underwritten

$ 0 Billion

HBCU
Lending

$ 0 Billion

Cash Investments Sold to Municipalities

Municipal Fixed Income

Institutional Equity

Corporate Fixed Income

Infrastructure Private Equity

HBCU Capital Funding

Municipal Fixed Income

Institutional Equity

Corporate Fixed Income

Infrastructure Private Equity

HBCU Capital Funding

Recent Transactions

$1,323,930,000

NY Transportation Dev. Corp.

Special Facility Revenue Bonds
4/6/22

$1,188,105,000

Dallas Fort Worth Inter. Airport (TX)

Joint Revenue Refunding Bonds
4/6/22

$1,050,000,000

California Health Fac. Fin. Auth.

Senior Revenue Bonds
3/30/22

$39,750,000

Meharry Medical College (TN)

New Money Loan
3/16/22

$2,422,335,000

New York State Dormitory Authority

State Personal Income Tax Revenue Bonds
3/16/22

$82,475,000

Metropolitan Transportation Authority (NY)

Transportation Revenue Bonds
1/28/22

$20,465,000

Charleston Public Facilities Corp. (SC)

Installment Purchase Revenue Bonds
1/19/22

$2,799,625,000

Golden State Tobacco Sec. Corp. (CA)

Current Interest Bonds
12/8/21

$5,675,000

City of Shreveport (LA)

Revenue Bonds
11/22/21

$15,000,000

Miles College (AL)

New Money Loan
10/26/21

$29,200,000

Trinity River Authority (TX)

Revenue Improvement and Refunding Bonds
10/14/21

$69,000,000

Southern Univ. and A&M College (LA)

New Money Loan
9/16/21

$2,095,070,000

State of California

General Obligation Bonds
9/15/21

$112,295,000

Miami-Dade County (FL)

General Obligation Bonds
8/31/21

$1,039,505,000

New York City (NY)

General Obligation Bonds
8/20/21

$369,195,000

Triborough Bridge & Tunnel Authority (NY)

Payroll Mobility Tax
Senior Lien Bonds
8/13/21

$31,165,000

City of Houston (TX)

Hotel Occupancy Tax
and Special Revenue Bonds
7/16/21

$108,000,000

Bethune-Cookman University (FL)

Refinancing and New Money
6/29/21

$122,480,000

City of Charleston (SC)

Waterworks and Sewer System Bonds
6/15/21

$40,500,000

West Virginia State University

Refinancing
5/5/21

$1,076,210,000

State of California

Various Purpose General Obligation Bonds
4/21/21

$605,600,000

Miami-Dade County (FL)

Water and Sewer System Revenue Bonds
4/8/21

$400,000,000

Triborough Bridge & Tunnel Auth. (NY)

General Revenue Bonds
3/26/21

$1,871,420,000

New York State Dormitory Authority

State Personal Income Tax Revenue Bonds
3/19/21

$1,257,960,000

State of Illinois

General Obligation Bonds
3/17/21

$1,261,385,000

City of New York (NY)

General Obligation Bonds
3/4/21

$1,089,330,000

University of California Regents

Limited Project Revenue Bonds
2/24/21

$1,111,950,000

Port Authority of NY & NJ

Consolidated Bonds
1/22/21

$350,000,000

NJ Economic Development Auth.

School Facilities Construction Bonds
1/8/21

$12,500,000

Morehouse School of Medicine (GA)

New Money
12/16/20

$800,000,000

State of Connecticut

General Obligation Bonds
12/16/20

$80,825,000

Morgan State University (MD)

Revenue Bonds
12/10/20

$502,615,000

State of California Public Works Board

Forward Refunding Bonds
10/29/20

$203,000,000

Fort Bend County (TX)

GO and Unlimited Tax Bonds
5/18/20

$894,640,000

State of Connecticut

General Obligation Bonds
12/12/19

Municipal Fixed Income

Rice Financial is an underwriter in more than 10% of all primary market municipal bond financings completed in the U.S. each year. On the investment side, our Institutional Fixed Income Desk sells more than $10 billion annually in fixed income, short duration securities to state and local governments.

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Institutional Equity

Rice Financial’s Equity Trading and Sales Desk provides agency-only, non-conflicted anonymous trade execution services to institutional clients in global equities and U.S. options. We offer access to more than 100 liquidity sources from 20+ vendors, most dark pools, ATSs and lit exchanges on the street, as well as derivative execution and algorithmic trading capability.

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Corporate Fixed Income

Rice Financial has underwritten nearly $70 billion in taxable bonds, providing corporations the investment banking expertise they need to successfully access the bond markets.

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Infrastructure Private Equity

Rice Financial’s Governmental Infrastructure Private Equity Finance business has made more than $1 billion available for investment in U.S. infrastructure projects.

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HBCU Capital Funding

Through our partnership with the U.S. Department of Education, Rice Financial is a direct lender to Historically Black Colleges and Universities. We have executed more than $2.2 billion in loans for nearly one‐half of the nation’s HBCUs.

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Our growth philosophy at Rice is to build successful businesses where our technical expertise gives us a material competitive advantage in the value created for our clients. This focus on our defining strengths allows us to provide the highest level of expertise available in several highly specialized segments of the market.

- Don Rice,

CEO