Municipal Finance
Debt Underwriting
Sales and Trading
Equity Underwriting
Corporate Finance
Customized Solutions
MUNICIPAL FINANCE
Our municipal investment bankers have over 50 years of combined experience.
We have structured investment grade, un-rated, or credit-enhanced financings including general obligation and lease-backed obligations as well as a variety of revenue bond credits.
Municipal finance remains a focus of the firm and we continue to aggressively seek additional opportunities to serve as a senior manager, co-senior or co-manager to support our clients’ financings.
Harvestons’ technical capabilities have been demonstrated on transactions throughout the country. Our capacity includes:
- Cash flow modeling
- Debt structuring
- Sensitivity analysis
- Refunding analysis
- Cost vs. Benefit analysis
DEBT UNDERWRITING
We engage in the underwriting and origination of various types of debt instruments:
- Municipal bonds
- Investment grade corporate bond
- Treasury and Federal Agency Securities
- Asset-backed securities
Harvestons regularly participates in public offerings and private placements of taxable and tax-exempt municipal securities.
SALES AND TRADING
Our trade execution services are dedicated to achieving the highest level of performance for our clients. We offer competitive and cost effective order execution coverage for pension plan sponsors, money managers and other institutional investors, located throughout the United States.
Our Sales and Trading business facilitates customer transactions for fixed income and equity products. In order to meet the needs of our clients, our sales and trading business is diversified across a range of products. For example, investment grade debt securities and securitized mortgages.
Institutional Equity Sales and Trading
Our equity desk integrates sales and trading. The experienced professionals on our staff focus exclusively on servicing institutional clients. Over the counter orders can be worked or executed on an agency basis.
Stock Repurchase Programs for major corporations executed as directed by the client and in compliance with SEC Rule 10b.18.
Institutional Fixed Income Sales and Trading
Our Institutional Fixed Income Sales and Trading operations offer a high level of individual attention complimented by established expertise in sales and trading of a variety of securities. The fixed income desk provides competitive bids and offers by maintaining constant contact with customer portfolios and the street.
We maintain close relationships with money managers, corporations, financial institutions, and corporate and public treasurers. We seek to assist clients by providing the lowest possible bid-offer spreads on all transactions executed.
EQUITY UNDERWRITING
We provide execution services for our clients. Among Harvestons’ many strengths are:
- Our sales and trading professionals have an average of twenty years on Wall Street with equity capital markets experience.
- We offer diverse channels of distribution comprised of first, second and third tier institutional investors.
- We have a sound capital structure for firm underwriting and trading liquidity.
CORPORATE FINANCE
Our Corporate Finance Team provides the following services: underwriting initial and secondary public debt and equity offerings.
Our transaction support is comprehensive. For example; most projects will include detailed industry and financial analysis, preparation of relevant documentation such as an offering memorandum or presentation to the Board of Directors, assistance with due diligence, negotiating the terms of the transaction, coordinating legal, accounting, and generally assisting in all phases of the projects to ensure successful completion.
CUSTOMIZED SOLUTIONS
In today’s complex world, relationship building is a major part of the sharing of ideas and information systems, which is only part of any solution.
That is why Harvestons takes a strategic approach to satisfy each client’s needs. It is an approach that begins with carefully listening to the clients’ history, character, objectives, and goals.
It continues with a fully customized solution that draws on our many internal resources and leverages on our many relationships that have had similar needs with proven and tested solutions. Why reinvent the wheel? Unless we have to and sometimes that is necessary but the concept of the wheel is unchanged.
With this team relationship approach, clients are assured of a program that represents the best solution for their unique requirements, and all or parts of the solution has been implemented and tested.
