Stifel Institutional | Fixed Income Capital Markets (2024)

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Deep resources across a global footprint

Overview

Delivering best-in-class services to help institutions succeed.

Stifel Fixed Income Capital Markets provides a global platform to meet the wide-ranging investment and debt capital building needs of depository institutions, financial companies, hedge funds, income funds, insurance companies, money managers, state and local governments, and other institutions in North America, Europe and Asia.

Our customer-driven philosophy shapes a suite of products and services geared to help these institutions generate revenue, preserve wealth, and ultimately grow their businesses. In a time of shifting boundaries, Stifel Fixed Income Capital Markets continues to expand its brand of institutional financial services around the world.

Fixed Income Research Login Institutional Client Access

Fixed Income Platform

Taxable Sales and Trading

We are a full-service fixed income broker-dealer with 80+ traders and a 200+ sales team. Actively trading with accounts in the U.S., Europe and Asia, we have $750+ billion of annual trade volume across the entire spectrum of taxable investment products, including:

  • Asset-backed securities
  • Customer loan swaps (B&F Capital Markets)
  • Emerging markets debt
  • High-yield and distressed debt
  • Interest rate products
  • Investment-grade corporate debt
  • Mortgage-backed securities
  • Municipal bonds
  • Private distressed non-securities
  • Reorganized equity
  • Structured product
  • Syndicated loans
  • Trade claims
  • U.S. government securities
  • U.S. and GSE agency securities
  • Whole loans

Credit Research

Independent-minded and data-focused, Stifel‘s credit research group provides insight and analysis to help institutions generate revenue-building investment strategies. Research teams in investment grade, high yield and emerging markets deliver in-depth credit analysis and regularly publish on public, private and sovereign issuers across a range of key sectors and regions.

Our analysts cover more than 50 sectors and follow more than 1,000 companies and sovereign entities. Experienced and well respected by their peers, they are consistently recognized by industry rankings.

In the 2021 Institutional Investor Global Fixed Income Research survey, Stifel was the highest ranking non-bulge bracket firm in the U.S. (#5) and Global (#6) rankings, and the Investment Grade (IG) and High Yield (HY) research teams ranked in the top 5 in their respective categories. Analysts were recognized in the following sectors.

  • Building (HY)
  • Chemicals (HY)
  • Consumer Products (IG)
  • Distressed (HY)
  • Financials (HY)
  • Gaming & Lodging (HY)
  • Healthcare (IG)
  • Insurance (IG)
  • Manufacturing/General Industrials (HY)
  • Media & Entertainment (IG)
  • Nonbank Financials (IG)
  • Paper & Packaging (HY)
  • REITs (IG)
  • Retailing (IG)
  • Technology (IG)
  • Telecommunications Services (IG)
  • Transportation (HY)

Strategy and Analytics

Stifel’s strategy and analytics team provides the foundation for a client-focused approach in providing custom solutions for community banks, credit unions, government entities, insurance companies and other institutional investors.

Depository Strategy

Our depository strategists work alongside bank and credit union executives to develop solutions that maximize balance sheet efficiency and drive the bottom line.

  • Balance Sheet Optimization Model
  • Portfolio Review and Analysis
  • Derivatives and Balance Sheet Hedging Advisory Services
  • Bond Swap Analysis
  • Financial Institutions Restructuring & Strategy Tool (FIRST)
  • Acquisition Restructuring Analysis

Product Strategy

Dedicated to specific sectors in the fixed income market, our product strategists leverage their expertise to analyze investment portfolios and provide relative value ideas and portfolio strategies for improving performance.

  • Governments and Agencies
  • Mortgage-Backed Securities
  • Corporates
  • Municipals

Balance Sheet Solutions

From balance sheet reporting to regulatory considerations, Stifel offers a suite of analytics that provides the framework to help your institution achieve its stated objectives.

  • Bond Accounting and Safekeeping
  • Asset Liability Management
  • Regulatory Support

Municipal Markets

Public Finance

Stifel’s Public Finance department has more than 200 professionals working to raise capital to build public facilities and essential infrastructure throughout the US. The department includes regional and sector coverage teams serving municipal and not-for-profit clients across a national footprint. From some of the nation’s largest issuers, to small school districts and rural public agencies, Stifel’s bankers and underwriters are called upon by public and private sector borrowers to develop and implement a variety of financing strategies in the municipal market, including tax-exempt and taxable bonds, private placements, loans and combinations thereof.

See more on Public Finance here.

Municipal Sales & Trading

Stifel’s municipal institutional sales and trading platform is active in the new issue and secondary market. Our distribution network provides coverage of all classes of institutional municipal bond buyers, with traditional tier-one institutions, insurance companies, asset managers, and middle market accounts covered by our municipal institutional salesforce and crossover buyers covered by our rates and credit groups. Our municipal trading platform follows markets nationwide with dedicated muni traders located in money centers across the US.

Municipal Underwriting

Stifel is consistently a leading underwriter of negotiated sales by number of issues and a Top-10 underwriter of negotiated municipal bonds. Source: SDC Thomson Reuters

Debt Capital Markets

The debt capital markets group has extensive expertise in structuring and executing across multiple products in public and private markets, and their institutional distribution capabilities give meaningful access to a global investor universe that includes insurance companies, depositories and asset managers. Issuances include:

Investment Grade Debt

  • Senior Notes
  • Retail/Baby Bonds

Leveraged Finance

  • Asset-Based Loans
  • Revolving Credit Facilities
  • Broadly Syndicated Term Loans
  • Second Lien and Mezzanine Debt
  • High Yield
  • Private Placements
  • Unitranche Transactions

See more on Debt Capital Markets here.

Litigation Finance

The litigation finance team has a unique market position of originating, syndicating, trading and brokering litigation-focused investments. We also act as the secondary market maker for the litigation funding industry. Through this pipeline, the litigation finance team is uniquely positioned to offer clients relatively mature litigation finance investments that have been vetted by reputable litigation funders.

Fixed Income United Kingdom and Europe

Established in 2009, Stifel’s UK and European fixed income department has expertise across the credit spectrum and has deep, long-standing relationships with asset managers, insurance firms, public bodies, pension funds, banks, hedge funds, and family offices throughout the region. The platform is bolstered by industry-respected investment grade, high yield, and emerging market research analysts supporting over 40 trading and sales people.

In 2019, Stifel completed the acquisition of MainFirst Bank AG, since renamed Stifel Europe Bank AG. This move allowed Stifel to substantially increase its credit platform in Europe with new offices in Frankfurt, Paris, and Madrid.

Stifel Welcomes Vining Sparks Clients

Institutional Client Access

Notable Transactions

Stifel Institutional | Fixed Income Capital Markets (1)

$ 152,500,000

Senior Secured Credit Facility

Sole Lead Arranger

Automotive Aftermarket

| December 2020

Stifel Institutional | Fixed Income Capital Markets (2)

$ 500,000,000

Senior Notes

Joint Lead Manager

Real Estate

| December 2020

Stifel Institutional | Fixed Income Capital Markets (3)

$ 1,300,000,000

Senior Notes

Joint Bookrunner

Real Estate

| December 2020

Stifel Institutional | Fixed Income Capital Markets (4)

$ 32,000,000

Senior Secured Credit Facility

Sole Placement Agent

Apparel, Footwear & Accessories

| November 2020

Stifel Institutional | Fixed Income Capital Markets (5)

$ 1,670,300,000

Senior Notes

Joint Lead Manager

Building Products

| November 2020

Stifel Institutional | Fixed Income Capital Markets (6)

$ 92,000,000

Senior Secured Credit Facility

Financial Advisor

Transportation & Logistics

| October 2020

Stifel Institutional | Fixed Income Capital Markets (7)

$ 890,000,000

Term Loan B

Joint Lead Arranger

Aerospace, Defense & Government Services

| October 2020

Stifel Institutional | Fixed Income Capital Markets (8)

$ 700,000,000

Senior Notes

Joint Bookrunner

Real Estate

| October 2020

Stifel Institutional | Fixed Income Capital Markets (9)

$ 500,000,000

Senior Notes

Joint Bookrunner

Tech-Enabled Services

| October 2020

Stifel Institutional | Fixed Income Capital Markets (10)

$ 400,000,000

Senior Notes

Joint Bookrunner

Tech-Enabled Services

| September 2020

Stifel Institutional | Fixed Income Capital Markets (11)

$ 205,000,000

Senior Notes

Sole Placement Agent

Media & Telecom

| July 2020

Stifel Institutional | Fixed Income Capital Markets (12)

$ 890,000,000

Senior Secured Credit Facility

Joint Lead Arranger

Tech-Enabled Services

| January 2020

Currency volume represents full credit to each underwriter. All transaction announcements appear as a matter of record only. Stifel collectively refers to Stifel, Nicolaus & Company, Incorporated and other affiliated broker-dealer subsidiaries of Stifel Financial Corp.

I have extensive knowledge and expertise in the field of fixed income capital markets, particularly in areas such as asset-backed securities, customer loan swaps, emerging markets debt, high-yield and distressed debt, interest rate products, investment-grade corporate debt, mortgage-backed securities, municipal bonds, and various other financial instruments. My understanding goes beyond the concepts mentioned in the provided article, and I can provide insights into the broader landscape of fixed income research, credit analysis, strategy and analytics, municipal markets, debt capital markets, and litigation finance.

The article discusses Stifel Fixed Income Capital Markets, highlighting its global platform that caters to the diverse investment and debt capital needs of institutions across North America, Europe, and Asia. Stifel is portrayed as a full-service fixed income broker-dealer with a substantial trading and sales team, actively engaging in a wide spectrum of taxable investment products.

The Credit Research section emphasizes Stifel's independent-minded and data-focused approach, showcasing their credit research group's insight and analysis in investment-grade, high-yield, and emerging markets. The article also mentions their recognition in the 2021 Institutional Investor Global Fixed Income Research survey.

The Strategy and Analytics segment outlines Stifel's client-focused approach, providing custom solutions for various institutional investors, including community banks, credit unions, government entities, and insurance companies. The article delves into depository strategy, balance sheet optimization, product strategy, and other analytical services.

The Municipal Markets section details Stifel's involvement in public finance, with a team dedicated to raising capital for public facilities and essential infrastructure in the U.S. The article covers municipal sales and trading, underwriting, and the significant role Stifel plays in negotiated sales of municipal bonds.

The Debt Capital Markets group is highlighted for its extensive expertise in structuring and executing across multiple products in public and private markets. The article lists various issuances, including investment-grade debt, senior notes, retail/baby bonds, leveraged finance, and more.

Lastly, the article touches on Stifel's presence in the United Kingdom and Europe, emphasizing its deep relationships and expertise across the credit spectrum. The article mentions the acquisition of MainFirst Bank AG, contributing to the expansion of Stifel's credit platform in Europe.

If you have any specific questions or need further clarification on any aspect of fixed income capital markets, feel free to ask.

Stifel Institutional | Fixed Income Capital Markets (2024)

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