Investors should not automatically equate non-rated bonds
with high-risk because many of these bonds are of good credit quality.
The Greencoast team of bankers has many years of multi-disciplinary experience in the field of public finance, including financings that range from AAA rated general obligation bonds to highly structured non-rated bonds
On a selective basis we have found value in a few non-rated bonds
with high tax-free yields and have increased the fund's exposure to 5% in this sector of the market.
Both the District's insured and non-rated bonds
were well received by investors," added Jim Cervantes, a Managing Director at Stone & Youngberg, the financing's underwriter.
The largest underwriting in history of tax-exempt, non-rated bonds
for a CCRC and the largest bond issue in history for a CCRC in New York State
During his investment banking career, Braun has financed several billion dollars in health care related projects that include both fixed and variable rate, rated (both corporate credit and asset-backed), credit enhanced utilizing international and domestic bank Letters of Credit, bond insurance and FHA, and non-rated bonds