Sterne Agee Serves as Sole Underwriter for the City of Jackson, Mississippi’s Bond Issue
Birmingham, AL, (May 13, 2008) - Sterne, Agee & Leach, Inc. served as underwriter for the City of Jackson, Mississippi’s recent $5,155,000 bond issue. The Series 2008 Special Obligation Bonds were issued through the Mississippi Development Bank and security for the bonds is a general obligation and a City ad valorem tax. Sterne Agee was successful in helping the City affirm its investment grade, A1 underlying rating from Moody’s Investors Service and in securing bond insurance from Assured Guaranty Corp.
Sterne Agee has participated as an underwriter in municipal financings in the State of Mississippi totaling more than $200 million since 2001. In addition to its Jackson retail office, Sterne Agee maintains public finance offices in Birmingham, Atlanta, Macon, Houston, San Antonio, New York, and Boston. Sterne Agee has served as an underwriter on over 100 municipal financings throughout the country totaling $18.6 billion in par amount in the last 12 months.
Founded in 1901, Sterne Agee is one of the oldest and largest privately-owned brokerage firms in the country. A member of the New York Stock Exchange, Sterne Agee has headquarters in Birmingham, Alabama, and offices in 22 states. For more information, visit www.sterneagee.com.
For more information contact:
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Leah McKinney
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Senior Vice President
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205.949.3564
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