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

$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 and Tunnel Authority (NY)

General Revenue Bonds
3/26/21

$350,000,000

New Jersey Economic Development Authority

School Facilities Construction Bonds
1/8/21

$800,000,000

State of Connecticut

General Obligation Bonds
12/16/20

$502,615,000

State of California Public Works Board

Forward Refunding Bonds
10/29/20

$12,500,000

Morehouse School of Medicine (GA)

New Money Loan
12/16/20

$27,395,000

City of Charleston (SC)

Installment Purchase
Revenue Bonds
10/28/20

$69,750,000

Morgan State University (MD)

Refinancing and
New Money Loan
10/29/20

$48,500,000

Meharry Medical College (TN)

New Money Loan
8/19/20

$100,000,000

Xavier University (LA)

Refinancing and
New Money Loan
6/25/20

$181,445,000

City of Charleston (SC)

Waterworks
Revenue Bonds
6/17/20

$203,000,000

Fort Bend County (TX)

GO and Unlimited Tax
Road Bonds and Certs.
of Obligation
5/18/20

$338,615,000

Miami-Dade County (FL)

General Obligation
Bonds
5/12/20

$1,725,000,000

New York MTA

Transportation Revenue
Green Bonds
5/7/20

$500,000,000

New Jersey Economic Dev. Auth.

NJ Transit Transportation
Project Bonds
1/9/20

$3,404,620,000

New York State Dormitory Authority

State Personal Income
Tax Revenue Bonds
12/19/19

$894,640,000

State of Connecticut

General Obligation
Bonds
12/12/19

$18,000,000

Johnson C. Smith University (NC)

Refinancing
12/11/19

$500,000,000

State of California

No Place Like Home
Senior Revenue Bonds
11/16/19

$1,302,340,000

District of Columbia

Income Tax Secured
Revenue Bonds
11/14/19

$47,000,000

University of the Virgin Islands

Refinancing and
New Money Loan
11/13/19

$44,000,000

Florida Memorial University

Refinancing
10/23/19

$1,211,950,000

Miami-Dade County (FL)

Water and
Wastewater Bonds
10/16/19

$70,000,000

Alabama A&M University

New Money Loan
9/19/19

$387,590,000

Miami-Dade County (FL)

Aviation Revenue
Refunding Bonds
8/23/19

$126,025,000

City of Charleston (SC)

Waterworks
Revenue Bonds
7/10/19

$150,000,000

Metropolitan Trans. Auth. (NY)

General Revenue and
Refunding Bonds
5/16/19

$494,925,000

Miami-Dade County (FL)

Aviation Revenue and
Refunding Bonds
5/9/19

$2,023,975,000

State of California

Various Purpose
GO Bonds
4/12/19

$125,000,000

Florida A&M University

Refinancing and
New Money Loan
3/5/19

$233,305,000

Miami-Dade County (FL)

Water and
Wastewater Bonds
1/16/19

$130,000,000

City of Charleston (SC)

Remarketing to
Fixed Rate Notes
1/9/19

$2,012,880,000

City of Chicago (IL)

Airport Revenue
Bonds (O'Hare
International Airport)
12/6/18

$889,200,000

State of Connecticut

GO New Money and
Refunding Bonds
8/15/18

$790,745,000

Miami-Dade County, FL

Aviation Revenue
Refunding Bonds
8/15/18

$1,350,000,000

New York City Transitional Finance Authority

Future Tax Secured
Subordinate Bonds and
Variable Rate Bonds
7/24/18

$44,258,659

Morehouse College (GA)

Refinancing and
New Money
6/29/18

$492,105,000

State of Connecticut

GO New Money and
Refunding Bonds
6/6/18

$152,000,000

Alabama State University

Refinancing
3/6/18

$929,380,000

Miami-Dade County (FL)

Water and Sewer
System Revenue Bonds
12/7/17

$27,000,000

Southern University of Baton Rouge (LA)

Loan Refinancing
12/6/17

$572,695,000

Chicago Sales Tax Securitization Corporation (IL)

Sales Tax
Securitization Bonds
12/6/17

$720,990,000

Triborough Bridge and Tunnel Authority (NY)

General Revenue and
Refunding Bonds
11/9/17

$189,045,000

State of California

Lease Revenue
Refunding Bonds
10/25/17

$27,500,000

Morehouse School of Medicine (GA)

Refinancing and
New Money Loan
10/18/17

$40,610,000

City of Charleston (SC)

Waterworks and Sewer
System Refunding Bonds
10/5/17

$12,500,000

Southern University at Shreveport (LA)

Refinancing
9/28/17

$693,435,000

Miami-Dade County (FL)

Aviation Revenue
Refunding Bonds
8/11/17

$81,215,000

Miami-Dade County (FL)

Public Facilities Revenue
Refunding Bonds
4/27/17

$28,000,000

Tuskegee University (AL)

Refinancing
8/4/17

$747,025,000

State of Connecticut

General Obligation
Bonds

$100,000,000

Grambling State University (LA)

Refinancing and
New Money Loan
11/30/16

$36,600,000

South Carolina State University

Loan Refinancing
9/27/16

$420,214,000

NY Convention Center Development Corp.

Senior and Subordinate
Lien Revenue Bonds
9/14/16

$47,455,000

City of Charleston (SC)

Waterworks and Sewer
System Refunding Bonds
8/25/16

$744,375,000

Miami-Dade County (FL)

Aviation Revenue
Refunding Bonds
8/4/16

$25,000,000

Jarvis Christian College (TX)

Refinancing and
New Money Loan
7/28/16

$863,860,000

Metropolitan Transportation Authority (NY)

Transportation
Revenue Bonds
7/21/16

$500,955,000

NYS Environmental Facilities Corp.

State Revolving Fund
Revenue Bonds
6/15/16

$309,834,000

Miami-Dade County (FL)

Subordinate Special
Obligation Refunding Bonds
7/15/16

$59,035,000

City of Charleston (SC)

Waterworks and
Sewer System
Refunding Bonds
5/12/16

$56,820,000

City of Charleston (SC)

Waterworks and
Sewer System
Refunding Bonds
3/18/16

$27,285,000

Kern Community College District (CA)

Refunding Certificates
of Participation
1/13/16

$38,000,000

Livingstone College (NC)

Refinancing and
New Money Loan
12/3/15

$96,000,000

Alabama A&M University

Refinancing and
New Money Loan
9/24/15

$31,270,000

Charleston Public Facilities Corp (SC)

Installment Purchase
Revenue Bonds
9/3/15

$21,000,000

Lawson State Comm. College (AL)

Refinancing and
New Money Loan
7/16/15

$140,105,000

City of Charleston (SC)

Water/Sewer System
Capital Improvement
Revenue Bonds
7/16/15

$205,350,000

Miami-Dade County (FL)

Aviation Revenue
Refunding Bonds
6/25/15

$20,000,000

Farmer Mac

Taxable Fixed
Income Investment
2015

$14,727,000

Philander Smith College (AR)

Refinancing
6/11/15

$536,840,000

Miami-Dade County (FL)

Aviation Revenue
Refunding Bonds
6/10/15

$12,665,000

West Hills Community College District (CA)

General Obligation
Refunding Bonds
5/28/15

$19,000,000

University of the Virgin Islands

New Money Loan
2/27/15

$1,005,755,000

Dormitory Authority of the State of New York

PIT Refunding Bonds
1/7/15

$761,140,000

Miami-Dade County (FL)

Aviation Revenue Bonds
12/3/14

$30,035,000

Arkansas Baptist College

Refinancing and
New Money Loan
12/3/14

$115,090,000

Hampton University (VA)

Refunding Revenue Bonds
10/20/14

$12,000,000

Farmer Mac

Taxable Fixed
Income Investment
2014

$55,390,000

City of Atlanta (GA)

General Obligation
Refunding Bonds
10/28/14

$2,035,330,000

NYC Sales Tax Asset Receivable Corporation

Sales Tax Asset
Revenue Bonds
9/24/14

$300,000,000

New York City Municipal Water Finance Authority

Water and Sewer
System Revenue Bonds
9/16/14

$26,150,000

Johnson C. Smith University (NC)

Refinancing and
New Money Loan
8/28/14

$155,665,000

District of Columbia

Income Tax Secured
Revenue Refunding Bonds
8/19/14

$18,500,000

Voorhees College (SC)

Refinancing and
New Money Loan
6/26/14

$200,000,000

State of Connecticut

General Obligation
Bonds
6/11/14

$7,500,000

Grambling State University (LA)

New Money Loan
5/29/14

$44,635,000

Durham County (NC)

General Obligation
Refunding Bonds
5/14/14

$201,470,000

Miami-Dade County (FL)

Seaport Variable Rate
Revenue Bonds
5/8/14

$32,335,000

Toledo Public Schools (OH)

GO School Facility
Improvement Ref. Bonds
5/8/14

$347,385,000

NYS Environmental Facilities Corp.

State Revolving Fund
Revenue Bonds
3/19/14

$812,140,000

Dormitory Authority of the State of New York

PIT Refunding Bonds
3/13/14

$13,500,000

Central State University (OH)

Refinancing
9/24/13

$19,000,000

Morehouse College (GA)

Refinancing
9/10/13

$56,000,000

Benedict College (SC)

Refinancing and
New Money Loan
6/27/13

$89,990,000

City of Jackson (MS)

Special Obligation Bonds
6/26/13

$60,065,000

Hampton University (VA)

Refinancing
5/30/13

$350,900,000

City of Houston (TX)

Public Improvement
GO and QECB Bonds
4/25/13

$642,420,000

Empire State Development Corporation (NY)

PIT Revenue Bonds
3/13/13

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 corners of the market.

- Don Rice,

CEO