Public Finance

Refundings

Refinancing existing high-coupon debt can save a borrower a significant amount of money, which can be used for other purposes. Morgan Keegan’s analysts monitor numerous jurisdictions’ existing indebtedness and constantly look for issues that are attractive refunding candidates. We keep abreast of the myriad of oft-changing federal regulations that affect refundings. We have state-of-the-art software that analyzes the benefits of a particular refunding, conducts sensitivity analyses, and structures new bonds, taking into consideration the issuer’s outstanding debt structure.