MuniAuction Gets New Investors; Plans to Expand Into GIC Bidding

May 18, 1999

From the Bond Buyer – Atlanta, GA (May 18, 1999) by Robert Whalen Even as the ink dried on a second private-label agreement with a financial advisory firm, MuniAuction Inc. was closing a separate deal with a Washington, D.C.-based investment group — selling a minority stake in the company for $6 million. The cash fronted… Read more »

Categories: Auctions | Innovation

Upcoming Tennessee Note Deal Marks Internet First

April 13, 1999

From the Bond Buyer – Atlanta, GA (April 13, 1999) by Robert Whalen The Tennessee Local Development Authority is breaking new ground by electronically selling $33 million of bond anticipation notes next week. The Ban deal, scheduled for April 22, marks the first time short-term tax- exempt debt securities will be electronically sold. Bids will… Read more »

Categories: Auctions | Innovation

Bonds Auctioned Over the Net

November 19, 1997

From the USA Today – November 19, 1997 Bonds Auctioned Over the Net By the Associated Press PITTSBURGH – This city shook up the cloistered world of municipal finance Tuesday with a first-ever sale of bonds over the Internet. Pittsburgh also broke new ground by selling its $70 million issue in a live auction, which… Read more »

Categories: Auctions | Innovation

Pittsburgh Uses Internet for Pioneering GO Sale

From the Bond Buyer – Wednesday, November 19, 1997 Pittsburgh Uses Internet for Pioneering GO Sale Maturity-by-Maturity Auction Draws 26 Firms By Robert Whalen PITTSBURGH – Officials in this city yesterday took a bold step into the future when they became the first to auction municipal debt on a maturity- by-maturity basis exclusively through the… Read more »

Categories: Auctions | Innovation

City First in Nation to Use Internet to Market, Sell Municipal Bonds

November 18, 1997

City First in Nation to Use Internet to Market, Sell Municipal Bonds By Johnna A. Pro Just minutes into a bond sale yesterday, Mayor Murphy leaned over to two attorneys sitting in his conference room. “What time is it? I’m so nervous,” he whispered in between sips on a soft drink. The mayor paced back… Read more »

Categories: Auctions | Innovation

Grant Street Advisers Is Setting Up The First Muni Bond Auction Website

June 4, 1997

From The Bond Buyer – Pittsburgh, PA (June 4, 1997) by Richard Richtmyer Competitive bidding for municipal bonds is coming to the World Wide Web. Grant Street Advisers, a Pittsburgh-based financial advisory firm, has developed a prototype Website where issuers selling bonds competitively will be able to do so over the Internet. Called MuniAuction, it’s… Read more »

Categories: Auctions | Innovation