Stifel . This year, the market has seen $4.5 billion to $5 billion of investment return to high-yield bonds, “so market conditions have without question improved, but these are still non-rated project revenue bonds and appeal to just a small corner of the $3.7 trillion municipal market,” he said.
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The final resolution was amended and restated on June 17, 2014; and that was amended and restated on Dec. 6, 2016.
“The project really got on track with the addition of a group of equity investors that are true value-add strategic partners,” said Jake Campos, a managing director with Stifel, Nicolaus & Co. Stifel and co-manager Citi on May 24 priced $228.2 million of non-rated private activity revenue bonds through the California Pollution Control Financing Authority. Get access to 100M+ contacts on Adapt.io. The problem is the decomposition process releases methane gas into the air and wastes water. �0�_e� �F��P�� қx5/FL���k~��R(������E� (�%�@�K�*Ҙmv���4ڞ#ݕ�������hҪ��u��ӳ��h��Y�r0�ޛC($��I�M[��V�I�����D�����|I�e��2B0JY"&��,��{ϒS��_D�1�!� �:� hެ�� professionals located throughout California are . The order book validated that expectation, he said. h�L�ۊ�0�_%o��u+HA�B��u��Db The concept of using rice straw to make MDF was sparked by state legislation passed in 1991 prohibiting farmers from burning rice straw, the waste product of rice harvesting. and .
The equity syndicate is composed of investors that recognized the business opportunity of the project and have a proven track record in the agriculture sector and the composite panel board market, Campos said. “There has been a core group of investors that have followed the project for years, and the addition of Citi and their high-yield franchise as a partner in underwriting really helped to ensure that the project had the attention of the market,” Campos said. The Municipal Securities Rulemaking Board's David Hodapp said an MA's fiduciary duty to an issuer trumps fair dealing obligations to investors. Oppenheimer bets on muni sector with new hires. The bonds were sold to qualified institutional buyers and institutional investors in minimum denominations of $250,000 and in $5,000 increments above that amount. “If any municipal bond is green, it is this one,” Campos said, but, “even so, we viewed the green label and third party review as a nice gesture to the market, but not ultimately a feature that would cultivate demand on its own from the green bond crowd.”. After the Rice Straw Burning Reduction Act was passed, rice farmers began tilling the straw into the ground to create compost to fertilize the ground ahead of the next season. }�5 �qZW��.�7��` 2�~ Alexa came to Rolling Hills Estates in November, 2014 as Assistant to the City Manager and was appointed Assistant City Manager in July, 2019. Stifel. 332 0 obj <>stream Stifel . Raul Amezcua, Sara Brown, Jake Campos, Eileen Gallagher, Tom Jacob, Vince Lazalde. Stifel. For reprint and licensing requests for this article. A team led by Jerry Uhland, CalAg’s president, first began to formulate a process in 1997 to create MDF using rice straw. GetEmail.io is a fabulous tool that allows you to find any professional email address in seconds. Stifel is one of the nation's largest full-service brokerage and investment banking firms. Managing Director. “The demand for MDF has been increasing steadily for a number of years, partly from increased interest in its use for laminate flooring,” said Greg Lewis, an economist with Forest Economic Advisors, a company the conduit issuer asked to review a consultant’s report produced by Stephen Vajda Consulting for CalAg. The project is expected to fill the supply hole in the California market by taking advantage of transportation savings over out-of-state competitors, according to bond documents. The firm CalAg will build a plant on 273 acres in Willows, a city of 6,166 that is 85 miles northwest of Sacramento in California’s rice growing region. Price EXED program. ����#�&�d&�MfF���"IDB����n��f� \�Q�NeT鳼��^Y��`ŻF��n/��´�S�P/<9��@Kg�*�+�qY��.�6N��hZB��º�Oy#ޖ��c�Q�P��U��Vut�\{�ښ�(��O��c�ˁ@��D�A]ޑ�6�Z���NU�e�\`0�ѳy�~�����ѕ��Ώ"z>��Ӽ���Q26��+�@�1� j�:E�BMQg��q�q���ڐǑǑǑ�#�t����i9t6Zۺ�.�� c��� profile now, Claim hVmO�0�+��P��"!$�06m�nH >�4�H%EI�Ŀ��9i��em��r|����y���83�U2�����3���Z3c�0�1c��&0����Lm��Ik^@�aGG�iZe��NF�KV]e�������6J��$/��ۼ8)�|�˪>{NK�d��z,��zV� `���k�X퓛�q���%��-��Z�6���ս4x̶8���#�G[ Z��V�[��� J�0��X۵p�f�8�D/�P��s��*D �8w�'I�k%��4trdmI�i��;���>@���l:ٗy!x�z)v�~�#��m�me�*j�PBu-������w�}�̖J,�`&���,�D��if�pR��t_ԝ낮�6�������{������H����n��*�r� �a� �Q�n��k+��Ep��zr��|!C(��oy����b9F���Y ���(c��f1-Irp Stifel. USC. this profile, View Managing Director. Stifel is one of the nation's largest full-service brokerage and investment banking firms. Jose Vera. Congress created Yellowstone National Park in 1872, writing the first chapter in one of our nation’s proudest narratives. Founded in 1890, Stifel Financial Corp is a full-service regional brokerage and investment banking firm. In September, 2011 she was elevated to Assistant to the City Manager.