First National Bank expands capital markets with municipal bond underwriting
FNB decision strengthens equipment finance capabilities
First National Bank has expanded its capital markets platform to include municipal bond underwriting, broadening its public finance capabilities.
The expansion enables the bank to offer tax-exempt financing and underwriting services to municipal clients, including local governments, school districts and nonprofit organizations, according to an FNB release today. The decision strengthens its ability to help clients access capital for large-scale projects such as infrastructure upgrades and equipment purchases.
FNB’s team will support clients through the full securities issuance process, including structuring, marketing to investors and underwriting. Municipal bonds typically allow issuers to borrow at relatively low cost over longer terms, while investors receive periodic interest payments that are exempt from federal taxes.
The service will be delivered through FNB America Securities, the company’s broker-dealer unit, which will structure and underwrite transactions using market data and analytics to provide competitive financing options, according to the release.
The fourth annual Equipment Finance Connect, a crucial industry event for equipment lenders and dealers, takes place at the C. Baldwin Hotel in Houston from May 18-19. Learn more about the event and register here by April 3 for early-bird savings.
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