Auctions Overview » MuniAuction®

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MuniAuction was launched by Grant Street Group in 1997 as an online auction site. Since its inception, MuniAuction has hosted thousands of auctions for municipal bonds and notes. The open auction leads to more bids as bidders can see whether their bids are "In the Money" or "Out of the Money".

Benefits of MuniAuction: County of Lehigh, PA - $88 Million General Obligation Bonds
Bond Auction Graph

Increases Competition

  • Open Auction – Bidders see their bid status; motivated to improve bid
  • Auction Extension with Two Minute Rule

Provides Versatility

  • Variety of Formats Acceptable
    • For Bonds: Current Interest or Capital Appreciation
    • For Notes: All-or-None, Partial Bid, etc.
  • Auctions can be advertised and conducted on short notice

Transparency

  • Results and bid details available to the public online

Increases Efficiency

  • Calculates TIC or NIC and identifies winner(s)
  • Does not accept invalid bids
  • Online Document posting and dissemination

View a MuniAuction Bond or Note Replay or Demo


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