Gardnyr Michael Capital Offers MAJOR Financing Benefits as Municipal Bonds Reach All-Time Interest Lows

USA - English

• USA - English

BIRMINGHAM, Ala., Feb. 6, 2012 /PRNewswire/ -- In an era when positive economic news is generally in short supply, Bond Buyer offered investors and financial planners alike a breath of fresh air with an early February report on yields that reached all-time low. The report, highlighting municipal bond yields, noted that 15-, 20-, 25-, and 30-year municipal bond rates all hit all-time lows at the end of January, breaking the record lows that had been set earlier in the month. This historic economic news presents a major financing boon to municipalities around the country, and ushers in new benefits offered by financial advising and investment banking firm Gardnyr Michael Capital.

According to Gardnyr Michael Capital's Nick Bryant, these historically low interest rates open up new worlds of possibility for the firm's many clients, both current and prospective. "This directly impacts the borrowing cost for our clients," notes Bryant. "When municipal bond interest rates are hitting new lows, that's very good for our clients, simply because it means they can borrow at a low cost."

Gardnyr Michael Capital specializes in financial planning, underwriting, and investment work for states, cities, counties, and special districts. According to Bryant, the low rates on municipal bonds offer a way for these clients to get maximum bang for their buck. "Even as sales tax and property tax revenues are decreasing, cities and counties are looking for ways to make improvements to their cities at as little cost as possible," he confirms. "Whether they are seeking to build new schools or make urgently needed road repairs, our clients can find affordable financing options by taking advantage of these historically low rates." According to Bryant, the Bond Buyer news translates into immediate benefit for Gardnyr Michael Capital's clients.

"The simple reality is that our clients are very likely going to need to borrow money," says Bryant. "Thankfully, we at Gardnyr Michael Capital are now able to offer them the ability to borrow money at such low rates that it will ultimately enable these local governments to do more with less."

Gardnyr Michael Capital says that low bond rates can benefit clients in other ways, as well, including debt payment services. "Outstanding bond issues can be refinanced at a lower rate than when those bonds were originally issued," says Bryant. "We can ultimately help cities save a good amount of money in the long run."

ABOUT:
Gardnyr Michael Capital is an investment banking firm that emphasizes its services in public finance. Founded in 1991, the firm has grown into a team of approximately twenty-five financial professionals, with offices in Alabama, Louisiana, Texas, New York, New Jersey and Florida. Gardnyr Michael Capital specializes in underwriting, private placement and financial advisory work on behalf of states, cities, counties, and their authorities, as well as for more specialized issuers such as 501c3 and special districts.

SOURCE Gardnyr Michael Capital