Municipal Underwriting

For over 33 years, Sturdivant & Co. Inc. has been serving the local community by assisting authorities or other public agencies with their respective financing needs. We have acted as co-senior and co-manager on numerous large financings and have participated in municipal financings totaling over $123 billion for issuers across a dozen states since inception.

Sturdivant & Co. concentrates its origination in our regional (New Jersey, Pennsylvania, New York, Maryland and Delaware) tax-exempt markets. We have nearly twenty years of experience in the municipal markets. We have developed the experience to underwrite and distribute products and by doing so, we have acquired the knowledge and developed relationships on the buy-side as well. Our regional focus provides our clients with in-depth coverage of the metropolitan areas and the opportunities available there.

Sturdivant has underwritten and advised on both competitive and negotiated sales of general obligation and revenue bonds; short-term instruments such as variable rate demand bonds, put bonds, swaps, commercial paper, bond anticipation notes, revenue anticipation notes, certificates of participation, and master lease purchase programs. In the Certificate of Participation arena, we consider ourselves particularly adept based on a GFOA award-winning COP program approach created for Howard County Maryland and used for agricultural land preservation.