Municipal Bond Issuance Solutions

Get in Touch

Efficient workflows, comprehensive content, and analytics to support the municipal bond issuance process and facilitate all interactions for the buyside and sellside in the municipal capital markets.

Our platform facilitates the new issuance process of municipal securities through an end-to-end origination and trading platform supporting issuers, investors, underwriters, investment banks, and their municipal advisors' needs.

Our applications are the backbone of book building, order entry, bidding, and execution, providing efficient workflows, comprehensive content, and pricing analytics. We are the foundation on which all municipal primary offerings are built

Key Benefits

Connectivity – A centralized primary issuance network shares real-time electronic deal, order, and allocation information across virtually all muni broker-dealers.
Efficiency – Our flagship bookrunning software enables banks to price deals quickly, efficiently, and electronically in real-time. The system handles thousands of transactions on a given day with no performance loss.
Transparency – Digitized workflow is easy to capture, track, and share across all parties in a transaction using state of-the-art dashboards and tools.
Regulation and Compliance – Workflow to handle new regulations and requirements
Execution – Automated real-time trade processing and reporting.

Learn more about our munis issuance solutions Ask about our products, pricing, implementation, or anything else

REQUEST INFORMATION

New Issue Upload Form Add your transactions to the official public forward calendar of municipal offerings

SUBMIT HERE

Customers

Institutional Investors
Investment Bankers
Municipalities \ Issuers
Municipal Advisors

Municipal Vendors
Middle office
Syndicate

Products and Solutions

Buyside Solutions
S&P's Buyside solution provides an efficient workflow tool for managing hundreds of deals per week and providing new insights through streamlined deal-by-deal analytics, aggregated supply statistics and real-time pricing information.

Consolidate new-issue activities on a single platform that includes a new-issue calendar, deal dashboard, interactive deal pages, and internal deal collaboration tools.
View and track negotiated and competitive transactions live in an official new-issue calendar that is updated in real-time and includes over 20 years of historical deal calendars.
Track deal status live, receive desktop alerts for deal changes and updates, and view countdown clocks to monitor the bid close on competitive offerings with an independent Deal Manager calendar and live dashboard.
Evaluate bonds with an integrated triple-A benchmark curve based on the largest new-issue dataset and the cleanest, most accurate analytics.
View deal terms and conditions, wires, real-time competitive bids, third-party content curves, and more on dedicated, interactive deal pages.
Use deal collaboration workflow to communicate with internal team members, assign deals to colleagues, and track assignments.

Municipal Bookrunning
S&P's Municipal Bookrunning Suite is the industry standard system for managing all aspects of the new-issue workflow for municipal securities, from Syndication to Trading & Settlement. Municipal Bookrunning serves all participants in the capital-raising process from a single, centralized platform.

Senior-Managed Bookrunning
- Allows lead manager to automate all aspects of syndication to handle all structures and pricing
- Eliminates re-keying by sharing data electronically with account members
- Instantaneous transmission of information when a scale is updated and sent out by the underwriter
- Built-in modules for designations, closeouts, and P&L
- Robust reporting functionality

Electronic Order Entry
- Sales force may enter orders for Senior-Managed and Non-Managed Deals, eliminating phone and ticket orders.
- The manager may view sales orders edited from the view orders page and approved by the firm's syndicate desk on non-managed Deals.
- Current Deals functionality allows the sales force to quickly navigate to Deals with active order periods and view real-time updates of their orders by their syndicate desk.
- Orders may be fed directly into the firm's internal trading system.

Gameday Order Monitor
- The Gameday Order Monitor platform offers best-in-class and comprehensive deal tracking for:
  - investor and syndicate orders,
  - subscription levels,
  - retail breakdown,
  - real-time order tracking for sell-side use on primary market sales,
  - investor analysis,
  - subscription details, and more.

Non-Managed Internal Allocation System (NMIA System)
- Allows the user to manage all aspects of non-managed transactions:
  - tracking Deal information, entering orders,
  - receiving and approving sales orders, receiving allotments,
  - allocating orders to the sales force, and receiving designation information from the lead manager

Trading System/Feeds
- Designed to flow seamlessly from the Senior-Managed Bookrunning and NMIA system using each firm's trading methodology
- Provides straight-through-processing that eliminates the need to re-key allotments into an internal system and enables real-time MSRB reporting
- Facilitates the transmission of 100% of trade and settlement data to satisfy NIIDS requirements

BiDCOMP™ and PARITY™
BidCOMP™ is a fully integrated competitive bid calculation system that handles virtually all bond structures. BiDCOMP™ is a web-based program allowing users to access bid parameter information directly from S&P's Bond Research Database. The same database feeds the TM3 worksheets and The Bond Buyer calendars. BiDCOMP™ can optimize scales, create term bonds at the click of a mouse, and enter pre-sale balances. Once a bid is calculated, it may be downloaded directly into the Senior-Managed Bookrunning System virtually instantaneously. Additionally, users using BiDCOMP™ may submit bids to PARITY via a single button click.

Muni Deal Query
Muni Deal Query is the leading municipal data query tool, empowering the entire municipal security industry. This product allows users to access multi-decades worth of municipal data, encompassing every facet of the bond life cycle. It includes primary market issuance, transaction records for orders and allotments, details on secondary trading, and continuing disclosure data. With its user-friendly interface, extensive datasets, and superior performance compared to its predecessor, MuniAnalytics, Muni Deal Query is designed to enhance decision-making for all participants in the municipal sector.

Variable Rate Trading System (VRTS)
Provides comprehensive functionality and automation for bidding on and managing inventory for all variable rate securities, including the following functionality:

Security Master
Bidding
Electronic Bid Submission to the Auction Agent
Allocations
Inventory Management
Account and Rep Management
Trading
Reporting
Multiple Feeds inbound to Citi and Outbound to Supplier

{}

{"items" : [ {"name":"facts","url":"","enabled":false,"desc":"","alt":"","mobdesc":"PDF","mobmsg":""},{"name":"login","url":"","enabled":false,"desc":"Product Login for existing customers","alt":"Login","large":true,"mobdesc":"Login","mobmsg":"Product Login for existing customers"},{"name":"sales","override":"","number":"[num]","enabled":true,"desc":"Call Sales [num]","proddesc":"[num]","alt":"Call Sales</br>[num]","mobdesc":"Sales","mobmsg":"Call Sales: [num]"}, {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fmunicipal-issuance.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fmunicipal-issuance.html&text=Municipal+Bond+Issuance+for+the+Buyside+%26+Sellside+%7c+S%26P+Global","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fmunicipal-issuance.html","enabled":true},{"name":"email","url":"?subject=Municipal Bond Issuance for the Buyside & Sellside | S&P Global&body=http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fmunicipal-issuance.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Municipal+Bond+Issuance+for+the+Buyside+%26+Sellside+%7c+S%26P+Global http%3a%2f%2fssl.ihsmarkit.com%2fmarketintelligence%2fen%2fmi%2fproducts%2fmunicipal-issuance.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}

Customer Logins

My Logins

Municipal Bond Issuance Solutions

Efficient workflows, comprehensive content, and analytics to support the municipal bond issuance process and facilitate all interactions for the buyside and sellside in the municipal capital markets.

Customers

Products and Solutions