Since 1994, Morgan Keegan’s Financial Products Group (MKFP) has been actively involved in structuring and restructuring escrow agreements and the bidding of construction/project funds, debt service reserve funds, and debt service funds (1/12th/1/6th deposit agreements) for its municipal clients.
MKFP assists issuers in the structuring and bidding of the proposed funds in order to obtain the highest yield and investment earnings within credit and legal constraints.
MKFP assists the client in various areas that could affect the pricing of an investment agreement including reviewing the financial information, discussing available strategies and options, analyzing counterparty risk, and evaluating the legal risk.
MKFP evaluates existing reserve funds to determine if restructuring provides higher yields or other benefits for the Issuer.
MKFP has completed reivestment services for the following clients:
- Texas State Affordable Housing Corporation
- Vanderbilt University (Tennessee)
- Louisiana Housing Finance Authority
- Oklahoma State University
- Educational Funding of the South, Inc.
- City of Charlotte, North Carolina
- Mississippi Development Bank
