St. Clair County, Michigan, Uses GFOA YieldAdvantage
May 31, 2005The 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.
Town of Sahuarita, Arizona, Uses GFOA YieldAdvantage
May 19, 2005The Town of Sahuarita, Arizona placed a $5 million investment usingGFOA 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 YieldAdvantage website, state and local governments are able to solicit bids and exchange settlement information… Read more »
Carson City, Nevada, Uses BidNV for Laddered Portfolio Solicitation
May 12, 2005Carson 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 was done on an “all-or-none” basis… Read more »
Davenport Community School District, Iowa, Uses GFOA YieldAdvantage
April 20, 2005Davenport 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 solicit bids easily and efficiently from… Read more »
Raleigh, North Carolina, Uses GFOA YieldAdvantage for Laddered Portfolio Solicitation
April 16, 2005The 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 YieldAdvantage website, state and local governments are able to solicit bids and exchange settlement information easily and efficiently via the Internet. The laddered portfolio transaction was a… Read more »
Durham, North Carolina, Uses GFOA YieldAdvantage
April 14, 2005The 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 YieldAdvantage website, state and local governments are able to solicit bids and exchange… Read more »
East Brunswick Board of Education, New Jersey, Uses YieldAuction
April 7, 2005East 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 YieldAuction website, state and local governments… Read more »
City of Clarksville, Tennessee, Uses GFOA YieldAdvantage
February 3, 2005The City of Clarksville, Tennessee placed a $500,000 investment using GFOA YieldAdvantage5, 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 YieldAdvantage website, state and local governments are able to solicit bids easily and efficiently from… Read more »
City of Brookings, South Dakota, Uses GFOA YieldAdvantage
February 1, 2005The 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 YieldAdvantage website, state and local governments are able to solicit bids easily and efficiently… Read more »
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 »