Seminar Description
Municipal Debt Essentials
October 26-28, 2016
Lions Gate Hotel
Sacramento (McClellan), CA
This three-day seminar is designed to provide municipal financing principles through lecture, short examples, and classroom interaction. Day 1, Debt Basics, covers the fundamental elements of debt financing, from the core concepts of bond math to the types of debt state and local governments can issue. Day 2, Planning a Bond Sale, is focused on the preparation, planning, and processes involved in issuing municipal debt, including, but not limited to, the development of a written debt policy and plan of finance, structuring debt service payments, managing cost of issuance, and credit analysis. Day 3, Marketing and Pricing a Municipal Bond, covers the concepts and processes involved in accessing the capital markets. The topics include a discussion of the offering document used to sell the bonds and how underwriters and issuers seek to market and price the bond.
- Agenda Day 1: Debt Basics
- Agenda Day 2: Planning a Bond Sale
- Agenda Day 3: Marketing and Pricing a Municipal Bond
- Presentation Materials
- Cost: Public Officials - $150 per day or $375 for all three days. Private - $350 per day or $975 for all three days.
- Register
- Accommodations: Overnight accommodations are available at the Lions Gate Hotel at the rate of $95.00 per night plus tax for single occupancy. To reserve a room, call 916-640-0835 and reference the group name “CDIAC” to receive the group rate. Please note that rooms are limited. The hotel has a 48-hour cancellation policy.
- Recommended Readings:
- Roles and Responsibilities: The Financing Team in an Initial Municipal Bond Offering, MSRB, 2016
- California Debt Issuance Primer, California Debt and Investment Advisory Commission (CDIAC), 2006
- Glossary of Municipal Securities Terms, Municipal Securities Rulemaking Board (MSRB), August 2013
- Report on the Municipal Securities Market, U.S. Securities and Exchange Commission (SEC), July 2012
- Best Practice: Debt Management Policy, Government Finance Officers Association, October 2012
- White Paper on Best Municipal Bond Issuance Practices, National Federation of Municipal Analysts, June 2014
- An Overview of Local Government General Obligation Bond Issuance Trends (1985-2005), CDIAC, April 2008
- Statement on Making the Municipal Securities Market More Transparent, Liquid, and Fair, SEC, February 2015
- Bond Insurance as a Form of Credit Enhancement in California's Municipal Bond Market, CDIAC, June 2003
- Issuer Resource Library, MSRB, May 2016
- Preparing Requests for Proposals, CDIAC, October 1994