The 2009 American Recovery and Reinvestment Act (ARRA) contained a provision for a new type of municipal security designed to assist municipalities in raising funds for local infrastructure projects, hence the name “Build America Bonds.”
SIFMA Fact Sheet
Since the Build America Bonds program began in April 2009, 1090 separate bond issues totaling $88.9 billion have been issued. Over the course of 2009, 16% of municipal bonds issued were Build America Bonds (source: Ipreo 2010).
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WebinarBuild America Bonds
Money Managers: Looking to advise your clients about investing in Build America Bonds? Listen to our free webinar held June 9, 2010.
State and local governments and other bond issuing entities can learn more about Stone & Youngberg’s Public Finance Group.
Individual investors work with Stone & Youngberg’s Private Client Group.
Money managers and other financial advisors with private investment clients work with Stone & Youngberg’s Private Client Group.
Institutional investors for both tax-exempt and taxable securities work with Stone & Youngberg's Institutional Sales Group.
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