Municipal & Not-for-Profit

Black Cowrie Municipal Securities

Black Cowrie Municipal and Not-for-Profit team serves issuers and investors in municipal securities markets. Municipal Securities is organized between Sales and Trading and Public Finance.

Municipal Securities market-side team has strong sales and trading capabilities in all areas of municipal securities and is a market leader in providing secondary market liquidity and execution. The team is committed to offering the right product to help clients meet their goals.

Black Cowrie Public Finance is a first-tier, experienced underwriter in all areas of public finance and is a market leader in assisting issuers in meeting their financing needs. The team acts as a senior manager and co-manager in both negotiated and competitive financings, as well as offering structuring and derivative advice, serving the full spectrum of municipal issuers across the U.S.

Municipal Securities Sales & Trading has the following capabilities:
  • Taxable and Tax-Exempt
  • High Yield Taxable and Tax-Exempt
  • Taxable and Tax-Exempt Money Market Instruments
  • Credit and Quantitative Analysis
  • Derivatives
  • Underwriting
Black Cowrie Public Finance has expertise in the following areas:
  • Airports
  • Education
  • General obligation bonds
  • Healthcare
  • Housing
  • Not-for-profit entities
  • Public power
  • State revolving funds
  • Transportation
  • Water and sewer
Strategy

Black Cowrie is a proven underwriter and seller of new issuance and has a Municipal Strategy team providing commentary and analysis on the municipal market.