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Municipal Banking & Markets: Solutions for the Marketplace
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.utility-navigation__sublinks{margin-right:2rem;margin-top:0;max-width:100%;width:19.0625rem}}.utility-navigation--main .utility-navigation__sublinks>li:not(:last-child){margin-bottom:1.5rem}.utility-navigation--main .utility-navigation__link{display:inline-block}@media(max-width:74.9375rem){.utility-navigation--main .utility-navigation__link--main{color:#012169;font-size:1rem}}@media(min-width:75rem){.utility-navigation--main .utility-navigation__link--main{border-bottom:2px solid rgba(0,0,0,0);-webkit-transition:border .2s linear;transition:border .2s linear}}@media(max-width:74.9375rem){.utility-navigation--main .utility-navigation__link--main:focus,.utility-navigation--main .utility-navigation__link--main:hover{text-decoration:underline}}@media(min-width:75rem){.utility-navigation--main .utility-navigation__link--main:focus,.utility-navigation--main .utility-navigation__link--main:hover{border-bottom-color:#012169}}.utility-navigation--main 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Let us help you make connections.</p> </div> </div> </div> </a> </div> </div> </div> </div> </div> </simple-collapse> </li> </ul> </nav> <div class="main-navigation__search"> <div class="navigation-search " data-props-repository="flagship" data-props-results-location="https://business.bofa.com/content/boaml/en_us/flagship/search.html" data-props-keywords="CashPro|Business Banking|Trader Insights|Corporate Card|ACH|Payments|Fraud|Commercial banking|Corporate Banking|ESG|Investment banking|Global markets|Commercial real estate|Virtual Payables|Healthcare|Making Business Easier|Supply Chains|International|Data Analytics|Mercury|Mergers and acquisitions|Foreign exchange|Liquidity|Innovation|SBA Loans|Digital Transformation|BofA Global Research|Merchant Services|Careers|Bank of America Institute|Net Zero|Consumer Checkpoint|Treasury Insights|Crypto" data-props-max-keywords="6" data-action="navigation-search-component"> <div class="navigation-search__search-box"> <input class="navigation-search__input-text js-navigation-search-input" aria-label="Enter your search keywords here" placeholder="What can we help you with today?" type="text" autocomplete="off" value="" disabled aria-hidden="true"/> <button class="navigation-search__clear icon-action-close js-navigation-search-clear" aria-label="click here to clear the search box" type="button"></button> <button class="navigation-search__submit icon-action-search t-track-nav-search-button js-navigation-search-submit" data-bactmln="Nav-_-Search-_-Expand" aria-label="click here to show the search box" type="submit"></button> </div> <div class="navigation-search__keywords js-navigation-search-keywords" aria-hidden="true"> <p class="navigation-search__keywords-title">Suggested Keywords</p> <ul class="navigation-search__keywords-list js-navigation-search-list"></ul> </div> </div></div> <button class="main-navigation__menu-toggle t-track-nav-menu-toggle-button js-main-navigation-menu-toggle" type="button" data-simple-collapse="main-navigation-248494480-mainmenu" aria-label="open main menu" aria-expanded="false" data-bactmln="Nav-_-MobileMenu-_-Expand"> <span class="uc-icon-action-menu" aria-hidden="true"></span> </button> </div> </div> <div class="main-navigation__menu-small js-main-navigation-menu-small"> <simple-collapse id="main-navigation-248494480-mainmenu"></simple-collapse> </div> <div class="main-navigation__bottom"> <div class="container "> <p class="main-navigation__site-name">Businesses & Institutions</p> </div> </div> </header> <div class="navigation-spacer js-navigation-spacer " data-action="navigation-spacer-component" data-component="navigation"></div></div> </div> </div> <div role="main" id="content" class="container-fluid js-content"> <div class="aem-wrap--layout-container"> <div id="layout_23757" class="layout-container "> <div class="layout-container__content container-full-bleed layout-container__col-layout--fullwidth"> <div class="row"> <div class="col col-xs-12"> <div class="aem-wrap--masthead"> <div id="masthead_62152" class="masthead masthead--blue-flagscape masthead__type--image " data-action="masthead-component"> <div class="masthead__media masthead__size--small"> </div> </div></div> </div> </div> </div> </div> </div> <div class="aem-wrap--layout-container"> <div id="layout_67186" class="layout-container layout-container--rightrail container-full-bleed "> <div class="layout-container__content layout-container__col-layout--rightrail"> <div class="row"> <div class="col-xs-12 col-md-8"> <div class="layout-container__column-left"> <div class="aem-wrap--positioning-container"> <div id="positioning_container_14923" class="positioning-container positioning-container--white positioning-container--masthead-notch "> <div class="col-md-12 positioning-container__col"> <div class="positioning-container__wrapper"> <div class="aem-wrap--header"> <div class="header text " data-action="text-component"> <h1 class="header__headline header--h2 "> Municipal Banking and Markets </h1> <div class="header__subheadline" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <h2><span class="header--h4">Integrated financial solutions for municipal issuers and investors</span></h2> </div> </div></div> <div class="aem-wrap--separator"> <div class="separator separator--transparent separator--top-padding-none separator--bottom-padding-small"> <div class="separator__line separator__line--white separator__line--thin"></div> </div></div> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <p>Get the experience, reach and results you need, to succeed in the current financial environment. Whether it’s capital raising, treasury, credit, market-making or liquidity solutions, Bank of America (BofA) has the resources your organization needs. </p> <p> </p> <p>BofA works with issuers and investors across all segments of the municipal marketplace. Our team of over 250 municipal finance professionals nationwide are ready to provide a full range of customized solutions and services. </p> </div></div> <div class="aem-wrap--separator"> <div class="separator separator--transparent separator--top-padding-none separator--bottom-padding-small"> <div class="separator__line separator__line--white separator__line--thin"></div> </div></div> <div class="aem-wrap--header"> <div class="header text " data-action="text-component"> <h2 class="header__headline header--h4 header--blue"> Financing and lending </h2> </div></div> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <ul> <li>Municipal debt offerings include taxable, tax-exempt, fixed, floating, short-term financing.</li> <li>Access a full range of bank and capital markets solutions including letters of credit, liquidity facilities, on-balance sheet loans and leasing, tax-exempt financing, total return swaps, receivables financing, private placements and interest-rate risk management.</li> <li>We serve numerous specialty sectors including public power and energy, transportation, healthcare, housing, military housing, educational finance, water and sewer, clean water, tax-exempt corporate-related and not-for-profit, higher education and Federal Government Agencies.</li> </ul> <p> </p> </div></div> <div class="aem-wrap--header"> <div class="header text " data-action="text-component"> <h2 class="header__headline header--h4 header--blue"> Treasury management </h2> </div></div> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <ul> <li>Increase your visibility and control using integrated solutions to help you collect, pay, invest and maximize return on your liquidity.</li> <li>We deliver cost-effective straight-through processing, as well as real-time, intraday reporting of balances and detail for electronic transactions, helping your organization improve efficiency and transparency.</li> </ul> <p> </p> </div></div> <div class="aem-wrap--header"> <div class="header text " data-action="text-component"> <h2 class="header__headline header--h4 header--blue"> Sales and trading </h2> </div></div> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <ul> <li>BofA is a leading market-maker for municipal bonds, with distribution to retail and institutional investors.</li> </ul> <p> </p> </div></div> <div class="aem-wrap--header"> <div class="header text " data-action="text-component"> <h2 class="header__headline header--h4 header--blue"> Focus on sustainability and policy objectives </h2> </div></div> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <ul> <li>BofA provides capital to issuers to deploy renewable energy, energy efficiency in local communities and other ESG projects.</li> <li>BofA continues to be a top-three underwriter of municipal green bonds.</li> <li>BofA is driving local impact through Community Reinvestment Act (CRA) lending. Our Community Development Banking team provides loans, tax credit equity investments and real estate development solutions.</li> </ul> <p> </p> </div></div> <div class="aem-wrap--header"> <div class="header text " data-action="text-component"> <h2 class="header__headline header--h4 header--blue"> Industry leadership </h2> </div></div> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <ul> <li>BofA was the #1 overall underwriter of municipal bonds in 2023, serving as senior manager on more than $45 billion of municipal bonds. The team has been the #1 ranked underwriter for 12 consecutive years since 2012.</li> <li>BofA was also the #1 competitive underwriter in 2023 — our 32<sup>nd</sup> straight year.</li> </ul> <p> </p> </div></div> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <p><span class="footnote">Source for all league table ranking data:<i> Refinitiv -Thomson Reuters</i></span></p> </div></div> <div class="aem-wrap--separator"> <div class="separator separator--transparent separator--top-padding-none separator--bottom-padding-small"> <div class="separator__line separator__line--white separator__line--thin"></div> </div></div> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <p><a href="https://www.dacbond.com/">Borrowers’ Participation in Municipal Auction Rate Securities</a></p> <p> </p> <p><a href="/content/dam/boamlimages/documents/PDFs/ml_auction_rate_securities_2016_march.pdf">Description of BofA’s Auction Rate Securities Practices and Procedures</a></p> </div></div> <div class="aem-wrap--separator"> <div class="separator separator--transparent separator--top-padding-none separator--bottom-padding-small"> <div class="separator__line separator__line--white separator__line--thin"></div> </div></div> <div class="aem-wrap--header"> <div class="header text " data-action="text-component"> <h2 class="header__headline header--h4 header--blue"> Important information </h2> </div></div> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <p>Certain Municipal Issuers or Conduit Borrowers have determined to participate in the auction of their own auction rate securities pursuant to recent guidance from the U.S. Securities & Exchange Commission. These Issues/Conduit Borrowers are required to provide a notice of their intent to participate in the auction and the interest rate and amounts that they will bid for and certain other detailed bidding information. The Issuer/Conduit Borrower’s interests are different from any other bondholder in that they want the lowest possible interest rate.</p> <p> </p> <p>BofA Securities, Inc. (“BofAS”) is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (“MSRB”). Information about the MSRB and the municipal securities market can be found at www.msrb.org. In addition, an investor brochure describing the protections that may be provided by the MSRB rules and information on how to file a complaint with an appropriate regulatory authority is available by accessing the MSRB’s website www.msrb.org</p> </div></div> <div class="aem-wrap--separator"> <div class="separator separator--transparent separator--top-padding-none separator--bottom-padding-small"> <div class="separator__line separator__line--white separator__line--thin"></div> </div></div> </div> </div> </div> </div> </div> </div> <div class="col-xs-12 col-md-4 col-lg-3"> <div class="layout-container__column-right"> <div class="aem-wrap--right-rail js-right-rail-sticky"> <div class="right-rail " data-action="right-rail-component"> <div class="aem-wrap--text"> <div class="text" data-props-tagging-label="Text_Link-_-Hyperlink-_-" data-props-tagging-class="t-track-text-link" data-action="text-component"> <p><a href="/en-us/content/trading-strategy-performance.html" data-aria-label="back to global markets">< Back to Global Markets</a></p> </div></div> <div class="aem-wrap--social-share"> <div class="social-share social-share--inline social-share--blue" data-action="social-share-component" data-props-email-subject="Article on Municipal Banking & Markets: Solutions for the Marketplace" data-props-email-body="I thought you would find this article from Bank of America interesting. 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