Dennis Hunt, Executive Vice President and Head of Public Finance at Stephens, shares his perspective on how our bankers work with local and state-level entities to achieve their funding goals.
From our base in Arkansas, Stephens has expanded throughout the South and Southeast over the past several years. Our practice includes negotiated and competitive underwritings, as well as municipal advisory work. The firm’s securities distribution capability with individual and institutional investors is a proven strength. As a result of our capital position, we are able to underwrite bonds quickly and efficiently for clients.
Dennis Hunt, Head of Stephens Public Finance, reflects on 2021 and reports what’s on the horizon for 2022
With interest rates at historic lows, many Arkansas school districts have refinanced or “refunded” their outstanding municipal bonds to reduce their interest costs. In fact, Arkansas school districts represented by Stephens saved more than $41 million during 2020 by refunding their outstanding bonds.
Leigh Ann Biernat, CPA and Senior Vice President at Stephens Public Finance, was the lead banker on an $85.81 million issuance of public safety charges revenue bonds for the Arkansas Development Finance Authority (ADFA). Stephens served as principal underwriter driving the complex transaction, which was executed in December and whose bond payments commenced in June.
From pandemic-induced remote learning to historic winter storms, K-12 education decision makers in Arkansas, Texas and Tennessee have faced an enormous amount of critical challenges over the past 12 months. And despite all of these transformative changes, one thing remains constant: that brick-and-mortar educational institutions are still essential knowledge centers to school districts across the U.S.
An interview with Jason Holsclaw, Senior Vice President of Stephens Public Finance
For people to fully embrace, participate in, and benefit from our free market system, they must be knowledgeable about both economics and personal finance. And while strides have been made toward increasing financial literacy here in the U.S., there is still more work that needs to be done.
An interview with Michael McBryde, Vice President at Stephens Public Finance