Sahuarita, AZ, uses GFOA YieldAdvantage

May 19, 2005

Pittsburgh, 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, 2005

Pittsburgh, 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, 2005

Pittsburgh, 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, 2005

Pittsburgh, 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, 2005

Pittsburgh, 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, 2005

Pittsburgh, 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, 2005

Pittsburgh, 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, 2005

Pittsburgh, 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, 2005

The 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

Springfield Public Schools No. 19, OR, uses GFOA YieldAdvantage

November 9, 2004

Pittsburgh, PA (November 9, 2004) — Springfield Public Schools No. 19, Oregon placed a $500,000 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… Read more »

Categories: Auctions