Planning and Sale of Municipal Bonds - August 16-17, 2010 No prerequisite Course Level: Intermediate
CPE Credits: 16
2 Days 9 a.m. - 5 p.m., both days Register Online Who Will Benefit This two-day seminar is intended for individuals who desire either an intensive introduction to the municipal bond market or a review of current practices. State and local finance directors and staff, budget officers, internal and external auditors, elected officials, and financial advisors are encouraged to attend. Program This seminar will review recent trends in the municipal bond market and the actions state and local governments must take to issue debt. Participants will be introduced to the major steps involved in issuing tax-exempt debt as well as more in-depth instruction on conducting a bond sale. The seminar will combine lectures and exercises to provide participants with hands-on instruction. Seminar Objectives Choose among different methods of sale Structure new general obligation and revenue bond issues Design strategies for effective rating agency presentations Prepare for a competitive bond sale Understand the pricing process in a negotiated bond sale Evaluate the feasibility of refunding or reorganizing existing debt obligations Explore the role of the Internet in increasing market efficiency Develop tools to respond to voter initiatives that restrict tax base
Learning Objectives Those who successfully complete the seminar should be able to: Select the appropriate type of debt to issue in specific scenarios. Select the appropriate method of sale based on the security, structure, and expected rating on the bonds. Structure new general obligation and revenue bond issues. Design an effective rating agency presentation. Prepare for a competitive bond sale. Plan and execute a negotiated bond sale. Evaluate the feasibility of refunding or reorganizing existing debt obligations Perform basic bond math and debt sizing calculations. Identify the main components in a capital improvement plan. Identify the finance officer’s responsibilities following a bond sale.
Recommended Reading Debt Issuance and Management: A Guide for Smaller Governments An Elected Official’s Guide to Debt Issuance An Elected Official’s Guide to Rating Agency Presentations Register Online Registration Fees GFOA member: $580 Nonmember: $790
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