Robert W. Baird & Co.’s public finance team has been recognized with a “Deal of the Year” award from The Bond Buyer.
Baird was honored for its issuance of $20 million in Limited Obligation Bonds to refinance the debt of seven water and sewer districts in Winston-Salem, N.C.
The company served as a senior managing underwriter to Harnett County in the transaction, which represented the winner for the Southeast region.
Baird helped Harnett use public capital markets to structure the deal, and achieved $4.9 million in gross debt savings. The unique deal structure also helped the taxpayers realize savings and can serve as a model for other North Carolina counties’ financing needs.
“This award is another great example of Baird’s innovative approach and commitment to outstanding client service,” said Keith Kolb, Baird’s director of public finance.
This is the sixth Deal of the Year honor bestowed on Baird’s public finance transactions since 2005.