BondUnderwriter(TM) Offers Online Access to New Issue Municipal Bonds
PALO ALTO, CA, Aug 20, 2012 (MARKETWIRE via COMTEX) --
BondUnderwriter, Inc. (BU(TM)), a financial technology company, is
introducing a centralized website portal for both municipal bond
issuers and investors to better access the new issue marketplace. The
firm has recently launched its upgraded electronic platform that aims
to provide high-net-worth individuals, wealth advisers, registered
investment advisers and money managers with a new interactive way to
access new issue municipal bonds during the underwriting period at
the same low price as the largest institutions.
The California-headquartered firm was established in 2000 and was
formerly called ebondpool, Inc. Founder and CEO is Mary (Mimi)
Henderson, a 30-year municipal bond industry veteran and formerly
president and managing director of public finance for Henderson
Capital Partners LLC, a West Coast municipal underwriting firm. She
and her team are working with top Silicon Valley professionals to
deliver a unique cost-effective way for issuers to reach out to bond
The BU(TM) platform offers information on upcoming negotiated
municipal bond sales, resources, and other tools to fixed-income
investors. At no charge, investors can sign up for customized new
issue bond alerts based on their own investment criteria. Meanwhile
issuers can cost-effectively post upcoming bond issues to a targeted
audience. For a fee, issuers can upgrade sale announcements with
interactive links to its new issue information.
The $3.7 trillion municipal bond market averages more than $30
billion a month in new issues, and is expected to continue to grow,
according to Municipal Market Advisors, an independent research firm.
Households had increased their municipal holdings to $912 billion at
mid-year in 2010 from $900.4 billion in the first quarter, according
to the most recent Federal Reserve data. That gives private
individuals 34.3 percent of the market, making them the largest
single group of investors.
"We are launching this site as a way for issuers to finally reach
interested bona fide investors, regardless of brokerage affiliation,
in a single centralized spot," says Henderson. She continues, "Our
states and municipalities have been demanding increased retail
participation for their new issues and now we can provide them with
it very cost effectively."
Additional information is available at www.bondunderwriter.com, by
sending an email to email@example.com or by calling (877)
Jo Murray Public Relations
(208) 726-5869 or (415) 852-9287 (24-hour numbers)
SOURCE: Bond Underwriter, Inc.
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