Fixed Income Trading & Securities
State and local governments, healthcare organizations and educational institutions continue to turn to J.P. Morgan’s Public Finance group for their financing and banking needs. The Public Finance team has expertise in a wide range of areas, including tax-exempt financing for energy projects as well as large-scale infrastructure transactions.
The group services the following areas:
- Energy and Environmental
- Higher Education/Non-Profit
- Transportation and Infrastructure Advisory
- Not-for-Profit Healthcare
- Housing Finance
Energy and Environmental
This group serves utilities, enterprise fund and joint-action issuers on financings including public power, energy, alternative energy, water and sewer, state revolving fund and environmental project finance. The team works closely with different areas of the bank to explore both tax-exempt and traditional financing for all types of environmental and energy projects. J.P. Morgan offers capabilities in debt and equity markets, commodities trading and project finance to help clients achieve their goals.
The team brings a broad range of experience to clients, including traditional higher education banking, non-profit management and rating agency expertise. The group has structured transactions of many different sizes and credit ratings for institutions including private universities, public universities, research institutions, community colleges and independent schools. The team has executed transactions using tax-exempt and taxable fixed rate, variable rate, derivatives and other structures.
Transportation and Infrastructure Advisory
The division specializes in transactions relating to surface transportation, airports, mass transit and ports. The team helps public sector clients finance, structure and execute deals. They also provide public and private sector clients with advisory services relating to public-private partnerships and concession agreements.
The team works with non-profit healthcare institutions, such as hospitals, healthcare systems and senior living centers. The Healthcare group serves many sophisticated issuers and deals with a variety of financing structures, including long- and short-term syndicate, derivatives, credit analysis and investor marketing.
The group serves state and local housing finance agencies, including veterans’ agencies. The team helps clients issue municipal bonds, which can create and preserve affordable multifamily rental housing or make loans for single family homeowners. The team often partners with other housing and real estate groups in the Investment Bank, including the Community Development Bank, Tax-Oriented Investments, Structured Products, Commercial Mortgage Backed Securities and Commercial Bank Real Estate.
State and Municipal
Across the country, municipal clients include state-level issuers, cities, counties, school districts, public power, water and sewer, transportation, airports and ports. In addition to providing regional investment banking coverage, regional banking teams often partner with specialized sector groups to provide clients with a comprehensive suite of products and expertise to ensure successful transaction execution.
With locations in Seattle, San Francisco, Los Angeles, and Sacramento, the West team serves municipal issuers in California, Alaska, Hawaii, Nevada, Oregon and Washington.
With offices in Denver, Dallas, and Houston, this team assists municipal issuers in the South/Southwest, Texas, and the Rocky Mountain region.
Located primarily in Chicago, the team focuses geographically on state and local government agencies in the Midwest, including most of the center of the country down to Louisiana.
With offices in Miami and Orlando, the Southeast team serves municipal issuers in the Southeast region of the United States as well as Puerto Rico.
With locations in New York, Albany, and Boston, the Northeast team focuses on serving municipal clients from Maine to Maryland.