Stern Brothers has raised billions of dollars to finance our clients’ projects by acting as the underwriter for their bond and debt offerings. In recommending the method for structuring and selling bonds, we are focused solely on identifying the best financing options available for the client. In addition to public offerings, Stern Brothers has the ability to privately place debt in situations where the borrower is unable to issue investment grade rated bonds. Whether through a private placement or a public offering, Stern Brothers bankers have the long-term relationships and market knowledge to achieve the best financing execution for our client. If that option is best achieved through the placement of the bonds with one or more institutional investors, we have the necessary contacts and market knowledge to place the issue privately with insurance companies, banks, bond funds, unit trusts and other major institutional purchasers. If a broader retail distribution is the best route for our client, we call on our long-term relationships with broker dealer firms throughout the U.S. We will work with these firms to achieve the widest distribution to individuals and smaller institutions.

Stern Brothers underwriting clients include:

  • City of Chicago, IL
  • City of New Haven, CT
  • City of New York, NY
  • City of Philadelphia, PA
  • City of St. Louis, MO
  • Dallas Area Rapid Transit Authority
  • District of Columbia
  • Dormitory Authority of the State of New York
  • Erie County, NY
  • MTA, New York
  • Los Angeles Department of Water and Power
  • Metropolitan Transit Authority of New York
  • State of California
  • State of Connecticut
  • State of New Jersey
  • Texas Water Development Board

Stern Brothers has the regulatory ability to underwrite in excess of $400 million in bonds. Given the equity level and clearing firm deposits, Stern Brothers has the ability to inventory up to approximately $120 million.