Confirming Letter of Credit

Used to provide credit enhancement and support for bonds, in turn lowering costs and encouraging growth in your community.

Confirming Letters of Credit Can Be Used To:
  • Confirm non-housing bond issuances
  • Confirm taxable housing bond issuances
  • Confirm tax-exempt housing bond issuances

Benefits

  • Lower costs for the member municipality
  • Encourages growth and improvement in your community
  • Proceeds from the bond issuance can help finance a range of projects:
    • Housing Developments
    • Healthcare facilities
    • Schools and universities
    • Manufacturing plants

Features:

  • AAA-rated
  • Competitive pricing
  • No stock requirement
  • Any term
  • Any amount 

Request a Confirming Letter of Credit

To get started, member institutions must contact the Money Desk.

Request a Confirming LOC