Debt Issuance Support

As the need for capital investment grows, including repair and replacement of aging infrastructure and the addition of new assets, more utilities and government agencies are leveraging their available funds by issuing tax-exempt revenue bonds and other types of debt financing. These funding sources are often a better alternative than funding capital improvements with rates, and can dramatically decrease the rate volatility that often accompanies pay-as-you-go funding. However, to fully realize the benefits of debt financing, a utility must take steps to reduce its cost of borrowing.

Developing strong bonds

Strengthen investor and underwriter confidence in your bond issues

Provide Confidence

Through the preparation of a financial feasibility report that is included in the official statement prepared to help market and sell the bonds, Raftelis can help you demonstrate to potential investors and rating agencies the relatively low level of risk associated with your borrowing, thereby reducing your cost of borrowing. Rating agencies, investors, and underwriters are familiar with Raftelis reports, which provides them with a confidence regarding the information provided in the report. We have participated in many meetings with rating agencies and state agencies that regulate the issuance of municipal debt to demonstrate the credibility of the financial forecast prepared for the issuance.

Understand the Impacts

Another benefit of having Raftelis as a member of your financing team is that we can translate different financing options into potential water and wastewater rate and customer impacts. This will allow you to understand how the debt issuance will directly impact your customers.

Registered Municipal Advisor

Raftelis is registered with the U.S. Securities Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) as a Municipal Advisor. Visit the MSRB’s website for more information on this designation.