RBC Capital Markets has one of the largest municipal finance banking practices on or off Wall Street, with over 180 professionals in 27 offices nationwide.

The most active underwriter of negotiated municipal securities in the United States in 2006, we served as lead manager on 571 negotiated issues representing $15.2 billion in par value. At the same time, we served as financial advisor on 207 transactions, making us one the only municipal finance organizations to be both a top 10 lead underwriter (#6) and a top 10 financial advisor (#4).

As a part of a global enterprise, but with long-standing regional roots, the municipal finance business of RBC Capital Markets brings to its clients the best of two worlds.  We senior-managed transactions as large as $500 million in 2006, yet we were also the number 2 lead manager of transactions under $50 million.  Our presence in local markets enables us to provide unparalleled service and localized expertise, yet we bring our clients access to derivatives and credit solutions that are only possible from a financial institution with the strength (over $470 billion in assets) and credit rating (AA) of Royal Bank of Canada.

*Municipal underwriting, advisory and distribution products and services are offered by RBC Capital Markets through the broker-dealer RBC Dain Rauscher Inc.