St. Clair County, MI, uses GFOA YieldAdvantage
May 31, 2005Pittsburgh, PA (May 31, 2005) — The County of St. Clair, Michigan placed a $5.7 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association.
Categories: Auctions
Sahuarita, AZ, uses GFOA YieldAdvantage
May 19, 2005Pittsburgh, PA (May 19, 2005) — The Town of Sahuarita, Arizona placed a $5 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantagewebsite, state and local governments are able to… Read more »
Categories: Auctions
Carson City, Nevada, uses BidNV for Laddered Portfolio Solicitation
May 12, 2005Pittsburgh, PA (May 12, 2005) — Carson City, Nevada, invested $7 million in proceeds from its recent bond sale by using www.BidNV.com, an Internet auction website developed by Grant Street Group for GIF Plan Advisors. “The process was intuitive and the returns exceeded our expectations,” said Al Kramer, treasurer of Carson City, Nevada. The solicitation… Read more »
Categories: Auctions
Davenport CSD, Iowa, uses GFOA YieldAdvantage
April 20, 2005Pittsburgh, PA (April 20, 2005) — Davenport Community School District, Iowa placed a $15 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantagewebsite, state and local governments are able to… Read more »
Categories: Auctions
Raleigh, NC, uses GFOA YieldAdvantage for Laddered Portfolio Solicitation
April 16, 2005Pittsburgh, PA (April 18, 2005) — The City of Raleigh, North Carolina, placed a $191 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Using the GFOA YieldAdvantagewebsite, state and local governments are able to solicit bids and exchange settlement information easily and efficiently via the Internet. The… Read more »
Categories: Auctions
Durham, NC, uses GFOA YieldAdvantage
April 14, 2005Pittsburgh, PA (April 14, 2005) — The City of Durham, North Carolina, placed a $2 million investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantagewebsite, state and local governments are able… Read more »
Categories: Auctions
East Brunswick Board of Education, NJ, uses YieldAuction
April 7, 2005Pittsburgh, PA (April 7, 2005) — East Brunswick Board of Education, New Jersey, placed a $76 million investment using YieldAuction, an Internet auction website developed by Grant Street Group, a fixed income Internet auction house and parent of MuniAuction. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the… Read more »
Categories: Auctions
Clarksville, TN, uses GFOA YieldAdvantage
February 3, 2005Pittsburgh, PA (February 3, 2005) — The City of Clarksville, Tennessee placed a $500,000 investment using GFOA YieldAdvantage, an Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantagewebsite, state and local governments are able to solicit… Read more »
Categories: Auctions
Brookings, South Dakota, uses GFOA YieldAdvantage
February 1, 2005Pittsburgh, PA (February 1, 2005) — The City of Brookings, SD placed a $400,000 investment using GFOA YieldAdvantage, a new Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantagewebsite, state and local governments are able to… Read more »
Categories: Auctions
Technology Is the Ultimate Solution to GIC Bid Rigging
January 25, 2005The Bond Buyer– Letter to the Editor January 25, 2005 GIC bid rigging in the municipal market is no revelation. With huge sums of money involved and an archaic system of phone or fax bids, is it any wonder that the integrity of the bidding process is consistently undermined? It is incumbent on issuers and… Read more »
Categories: Auctions