As an MSRB/SEC-Registered Municipal Advisor InnoVative Capital provides fiduciary representation of municipalities, local governments, hospitals, housing authorities, economic development organizations nonprofits, and higher education institutions for the issuance of municipal bonds and note offerings.
For clients seeking access to the municipal market, we present multiple financing scenarios before recommending the optimal strategy, based upon factors such as: financial covenants, call provisions, security features, rating requirements, loan terms, interest rate modes and disclosure obligations. InnoVative Capital manages the selection of underwriters, credit enhancers and all third parties for its clients.
As an independent advisory firm with no ties to any commercial or investment bank our bond representation is solely focused on our clients and not the investment community.
InnoVative Capital’s Role as Financial/Municipal Advisor
Planning and Structuring
- Financial forecasting and credit rating analysis to size debt issues and capital project
- Security structure optimization
- Borrower creditworthiness enhancement through composite funding sources
- Generate and lead the RFP process for the selection of underwriters, feasibility consultant and trustee bank
- Review financing options
Bond Underwriting and Closing
- Official Statement review & Direct the Rating Agency process
- Completion of Appendix A
- Pre-marketing of securities to investor community
- Evaluation of initial pricing of securities and terms set by underwriters
- Client representation at loan closing
- Post-closing review of underwriter performance
Ongoing Services
- Disclosure maintenance
- Investor communications
- Rating Agency submissions
- Covenant compliance
- Project disbursement reviews