Municipals

Our Municipal Securities Division has been one of the leaders on Wall Street for over three decades. We have more than 375 trading and banking professionals, and have been the top ranked Municipal Securities Firm by Securities Data Corporation for nine out of the last ten years.

We offer a full range of services to our clients that reach well beyond traditional public finance. Our team assists clients with M&A advisory work, international and municipal project financing, public and private partnerships, derivatives transactions, securitizations, and multi-family affordable housing financing. We also structure models for project financing, analyze and formulate capital programs and prepare credit and debt capacity analysis for various public entities.

Our Municipal Sales, Trading & Underwriting group works closely with our Public Finance team to structure, price and market municipal bonds to institutional and retail investors throughout the United States. Over the last five years, when Institutional Investor Magazine has surveyed institutional customers, Citi has ranked #1 in sales and trading.

Citi's retail distribution capabilities are the largest on Wall Street, with a staff dedicated solely to marketing municipal bonds to retail buyers. We also have the largest secondary market inventory dedicated to institutional and retail buyers. On the origination side, we work closely with city and state governments, municipal authorities, not-for-profit entities and major corporations permitted to use tax-exempt obligations. Additionally, our Public Finance team provides capital formulation strategies on a wide array of public projects, often involving complex public and private partnerships, and offers M&A advisory services, asset sales and asset and tobacco securitizations.