Municipal Banking and Markets

Integrated financial solutions for municipal issuers and investors

Get the experience, reach and results you need, to succeed in the current financial environment. Whether it’s capital raising, treasury, credit, market-making or liquidity solutions, Bank of America has the resources your organization needs. 

 

BofA works with issuers and investors across all segments of the municipal marketplace. Our team of over 250 municipal finance professionals nationwide is ready to provide a full range of customized solutions and services. 

Financing and lending

  • Municipal debt offerings include taxable, tax-exempt, fixed, floating, short-term financing.
  • Access a full range of bank and capital markets solutions including letters of credit, liquidity facilities, on-balance sheet loans and leasing, tax-exempt financing, total return swaps, receivables financing, private placements and interest-rate risk management.
  • We serve numerous specialty sectors including public power and energy, transportation, healthcare, housing, military housing, educational finance, water and sewer, clean water, tax-exempt corporate-related and not-for-profit, higher education and Federal Government Agencies.

 

Treasury management

  • Increase your visibility and control using integrated solutions to help you collect, pay, invest and maximize return on your liquidity.
  • We deliver cost-effective straight-through processing, as well as real-time, intraday reporting of balances and detail for electronic transactions, helping your organization improve efficiency and transparency.

 

Sales and trading

  • BofA is a leading market-maker for municipal bonds, with distribution to retail and institutional investors.

 

Focus on sustainability and policy objectives

  • Business and environmental objectives work hand-in-hand. Municipal banking and markets plays an important role in our environmental, social and governance (ESG) initiatives, providing capital to issuers to deploy renewable energy, energy efficiency in local communities and other ESG projects.
  • BofA continues to be a top-three underwriter of municipal green bonds.
  • BofA is driving local impact through Community Reinvestment Act (CRA) lending. In 2021, our Community Development Banking team provided a record $5.87 billion in loans, tax credit equity investments and real estate development solutions.

 

Industry leadership

  • BofA was the #1 overall underwriter of municipal bonds in 2021, serving as senior manager on more than $62 billion of municipal bonds. The team has been the #1 ranked underwriter for 10 consecutive years since 2012.
  • BofA was also the #1 competitive underwriter in 2021 — our 30th straight year.

 

Source for all league table ranking data: Refinitiv -Thomson Reuters

Important information

Certain Municipal Issuers or Conduit Borrowers have determined to participate in the auction of their own auction rate securities pursuant to recent guidance from the U.S. Securities & Exchange Commission. These Issues/Conduit Borrowers are required to provide a notice of their intent to participate in the auction and the interest rate and amounts that they will bid for and certain other detailed bidding information. The Issuer/Conduit Borrower’s interests are different from any other bondholder in that they want the lowest possible interest rate.

 

BofA Securities, Inc. (“BofAS”) is registered with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board (“MSRB”). Information about the MSRB and the municipal securities market can be found at www.msrb.org. In addition, an investor brochure describing the protections that may be provided by the MSRB rules and information on how to file a complaint with an appropriate regulatory authority is available by accessing the MSRB’s website www.msrb.org