As 2015 winds down and we prepare to welcome 2016, many smaller municipalities, municipal authorities, and other public entities may be putting the final touches on last-minute financings, or preparing for new financings in early 2016. In many of these issuances, the term “bank-qualified” will be used.
For such issuers, bank qualification is a means to enhance the attractiveness of the entity’s tax-exempt debt when placed with a bank or other financial institution, regardless of whether the debt is to be publicly offered or placed privately.
