LEXINGTON, Ky. (Feb. 19, 2018) — Ross, Sinclaire & Associates, LLC (RSA) finished 2017 as the leading municipal advisor for Kentucky local governments and school districts, handling more transactions than any other firm according to statistics compiled by Thompson Reuters service.
RSA served as municipal advisor on 65 competitively sold transactions for Kentucky issues while the other 10 advisors serving Kentucky served as municipal advisor on 73 transactions combined, translating to a 47 percent market share of the total transactions for RSA.
“We want to thank all of our clients for making 2017 another successful year,” said RSA Vice President Joe Lakofka of RSA’s Lexington office. “At RSA, we work with our clients on structuring transactions that will provide as much benefit as possible at the lowest costs available in the market.”
Activity was brisk in December as RSA assisted local governments in beating the deadline to close advance refunding of bond issues by year end to meet the new tax bill Congress passed into law earlier in the month.
In December alone, RSA served as municipal advisor on eight transactions totaling more than $55 million in par amounts. Included in the refunding December closings were refunding transactions for Bracken and Owen counties. The total par amount for the Bracken and Owen issues was $15,235,000, which saved a total of more than $575,000 for the local governments.
In Owen County, RSA advised the Owen County Fiscal Court on the advanced refunding of the Kentucky Administrative Office of the Courts (AOC) building in Owenton.
“Ross Sinclaire representatives were very responsive and knowledgeable in assisting us though the process,” said Owen County judge-executive Casey Ellis. “Their assistance to Owen County and the Administrative Office of the Courts with refunding the Judicial Center bonds created significant savings for both county and state taxpayers.”