Highlighted Offerings

Our bond experts have compiled this exclusive sampling of our current income-generating issues.

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Tax-Exempt Municipal Bond

2.45%

11/1/2024
Maturity Date

New Hope TX
Legacy at Willow Bend Project

  • 2.375 Coupon
  • N/A
  • 99.441 Priced to Maturity 2021
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New Hope, TX Cultural and Educational Facilities Finance Corp. Retirement Facility Revenue Bonds          Series 2016 for the Legacy at Willow Bend Project  2.375% due 11/1/2024  BBB- by Fitch Ratings.
HJ Sims& Co., Inc. is one of the nation's leading underwriters of bonds for senior living communities. We have been in the municipal project finance business for 80 years. HJ Sims recently underwrote a refinancing for The Legacy at Willow Bend. The Legacy is a Jewish retirement community in Lubbock, Texas. The community is rated as investment grade by Fitch Ratings and this refinancing will enable the community to reduce its interest expense and finance some capital improvements. We like these bonds as an alternative to other short term investments because we feel that they offer good value in relation to their short maturity. These five year 2.375% investment grade bonds are priced at a small discount to yield 2.45% to their maturity date of 11/1/2024.  Using the maximum tax bracket the taxable equivalent yield is 3.77%. As we write this ( 2PM on July 22, 2016) the 7 year US Treasury bond yield is 1.37%, so these investment grade municipal bonds for an ongoing community with no construction or fill up risk will yield 108 basis points more than a comparable US Treasury bond on a taxable equivalent basis.  That's real value for Sims clients. The purchase and sale of securities should be conducted on an individual basis considering the risk tolerance and investment objective of each investor and with the advice and counsel of a professional advisor.  All investments involve risk including the fluctuation of principal. Investors should carefully consider their own circumstances before making any investment decision.  Offerings are subject to change in price and availability.  Interest in municipal bonds is typically exempt from federal tax. Some bonds may be subject to the Alternate Minimum Tax (AMT). State tax-exemption typically applies if securities are issued within one's state of residence and local tax-exemption typically applies if securities are issued within one's city of residence. The after tax yield is based on a 35% Federal Income Tax rate

Tax-Exempt Municipal Bond

3.00%

Maturity Date
10/15/2041

Ambridge Boro PA
Sewer Revenue Bonds

  • 3.00% Coupon
  • $100.00 Priced to Maturity
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AGMC Insured AA by S&P  Underlying S&P A-

Tax exempt Municipal Bond

2.40%

02/01/2026
08/01/2030

Troy New York IDA
Rensselaer Polytechnic Institute

  • 3.625% Coupon
  • 2.73% Yield to Maturity 8/1/2030
  • $110.382 Priced to Par Call
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Troy NY Capital Resource Corp. Revenue Bonds   Rensselaer Polytechnic Inst.                                                                     3.625 8/1/2030  Callable 2/1/2026 at $100  A3 Moody's   A- S&P
The traders at HJ Sims are among the most experienced traders of Higher Education bonds in the country. We seek out seasoned bonds from fine institutions.  These Troy NY revenue bonds for RPI pay a 3.625% coupon pricing at $110.348 to a protective ten year par call to yield 2.40% to the call and 2.73% to maturity in 2030. NY State residents will enjoy a taxable equivalent yield of 4.07 to the ten year call and 4.627% to maturity using the maximum NY and Federal tax brackets. Using the taxable equivalent yield to call the yield on this A3/A- investment grade bond for one of the nation's premier universities is about 250 basis points above the 10 year US Treasury bond The purchase and sale of securities should be conducted on an individual basis considering the risk tolerance and investment objective of each investor and with the advice and counsel of a professional advisor.  All investments involve risk including the fluctuation of principal. Investors should carefully consider their own circumstances before making any investment decision.  Offerings are subject to change in price and availability.  Interest in municipal bonds is typically exempt from federal tax. Some bonds may be subject to the Alternate Minimum Tax (AMT). State tax-exemption typically applies if securities are issued within one's state of residence and local tax-exemption typically applies if securities are issued within one's city of residence. The after tax yield is based on a 35% Federal Income Tax rate.
Owned and offered in the secondary market. Subject to change in price and availability. Interest in municipal bonds is typically exempt from federal tax. Some bonds may be subject to the Alternate Minimum Tax (AMT). State tax-exemption typically applies if securities are issued within one’s state of residence and local tax-exemption typically applies if securities are issued within one’s city of residence.

The material presented here is for information purposes only and is not to be considered an offer to buy or sell any security. Commentary is prepared from sources believed to be reliable but it is not guaranteed as to accuracy and it is not a complete summary or statement of all available data. Information and opinions are current up to the date of publication and are subject to change without notice. The purchase and sale of securities should be conducted on an individual basis considering the risk tolerance and investment objective of each investor and with the advice and counsel of a professional advisor. All investments involve risk and may result in a loss of principal. Investors should carefully consider their own circumstances before making any investment decision.
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