City of Memphis to See General Improvements After Refunding Bond Sale

December 16, 2015

We’re pleased to share that Duncan-Williams, Inc. was chosen to serve as Senior Manager for a General Improvement Refunding Bonds issue for the City of Memphis, ensuring substantial savings for the city. With strong sales demand, a retail order period was recommended followed by an institutional order period combining for an over-subscription of more than 3.5 times. A re-pricing followed the institutional order which was able to lower yields on both the short ends and on the final maturity, as well as lowering the city’s total debt service. Duncan-Williams, Inc. has worked hard to improve the financial health of several communities and continues to demonstrate its ability of working with large issuers.