Oldest Minority Owned Investment Bank Named Co-Manager of Nations Two Largest Issuers of Municipal Debt
Grigsby & Associates Becomes Members of The Underwriting Team of The Two Largest Bond Issuers In The U.S.
San Francisco, California, April 8, 2009ÂInvestment Bank, Grigsby & Associates Inc., today announced that the Dormitory Authority of the State of New York (DASNY) has named them co-manager on $772.6 million of debt to be issued this year. DASNY provides financing and construction services to public and private universities, not-for-profit healthcare facilities and other institutions that serve the public good, and was the second largest issuer of municipal bonds in the nation last year (after the No. 1 issuer, the State of California). As a DASNY co-manager, Grigsby & Associates will take a lead role assisting the issuer and other members of the underwriting team in marketing these bonds to retail and institutional investors.
Since 2003, Grigsby & Associates has been a member of the State of CaliforniaÂs slate of underwriters. Being named co-manager for DASNY, Grigsby & Associates is now a member of the underwriting teams of the two largest issuers in the U.S.
Grigsby & Associates also announced the following:
· Grigsby & Associates served as co-senior manager on an $800 million issue for the Regents of the University of California. The issue closed two weeks ago. The co-senior manager has the second highest underwriting participation after the senior manager.
· Grigsby & Associates also participated as a co-manager on the $6.54 billion State of California General Obligation (GO) Bond issue that closed earlier this week.
· Earlier this month Grigsby & Associates was named as a co-manager in the newly picked underwriting syndicate to the New York State Environmental Facilities Corporation.
About Grigsby & Associates
Grigsby & Associates is the nation's oldest minority-owned, full-service investment banking firm providing financial advisory and investment banking services to state and local governments and corporations. The investment bank is also the second oldest investment-banking firm established in California. Since the firm's establishment as a corporation by its founder and CEO, Calvin Grigsby, in 1981, Grigsby & Associates has helped local governments to raise over $400 billion in tax-exempt capital for basic infrastructure, utilities, housing, education, transportation, redevelopment, and general funding needs. In addition, the firm has helped arrange $10 billion in public and private corporate offerings. Grigsby & Associates' private financings include a $50 million financing for a Pepsi-Cola bottling plant upon that corporation's reentry into post-apartheid South Africa in 1994, and such films as "The Commitments," "Sugar Hill" and "Get on the Bus."
Grigsby & Associates has offices in San Francisco, New York, Chicago, Shreveport, Birmingham and other locations throughout the country.
To learn more about Grigsby & Associates, Inc., you may visit the company on the web at www.grigsbyinc.com.
Media Contact: Pamela M. Johnson