Public Finance Banking and Financial Services

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The headshot of Bill Terlesky, Fifth Third Bank’s Managing Director Fifth Third Securities

Bill Terlesky

  • Managing Director, Head of Public Finance, Fifth Third Securities
  • 513-534-2750
  • bill.terlesky@53.com

Fifth Third Securities’ team of public finance investment banking professionals strive to deliver public market financing solutions for municipal issuers across a range of sectors. Our team is dedicated to meeting the long-term goals of public, private, and non-profit municipal issuers through our nationally-ranked underwriting, placement agent, and advisory services. Fifth Third Bank’s public finance specialists work in conjunction with institutional sales, retail sales, and the underwriting team in order to originate, structure, and distribute municipal debt to fixed-income investors.

Our Services

Underwriting Services

Fifth Third will help you with pre-sale marketing and pricing negotiation, all the way to finalizing your closing activities.

Private Placement Services

We provide nationwide and regional placement to accredited investors, negotiate prices, and coordinate activities between all team members until the deal is finished.

Municipal Advisory Services

Our Municipal Advisory Services will plan and guide your financing programs, while providing critical refinancing and defeasance analysis crucial to your success.

Industries and Sectors We Serve

  • Healthcare
  • State & Local Government
  • Private Activity Bonds
  • Higher Education
  • K-12 Schools
  • Housing
  • Water & Sewer
  • Toll Roads/Highways
  • Public Power & Utilities

Products and Solutions

  • Tax-exempt and taxable fixed-rate bonds
  • Variable rate and multi-modal bonds
  • Derivative structures (Swaps, Forwards, etc.)
  • Public Offering and Private Placement
  • Refinancing and Refunding
  • Advisory Services

Recent Deals

X

County of Hamilton, Ohio (Cincinnati Children’s Hospital Medical Center)

Transaction Size: $135,585,000
Fifth Third Capital Markets Role: Co-Managing Underwriter
Transaction Type: Revenue
Industry: Healthcare

X

The University of North Carolina at Charlotte

Transaction Size: $71,425,000 Series 2020A and $23,275,000 Series 2020B
Fifth Third Capital Markets Role: Co-Manager
Transaction Type: Revenue Bonds
Industry: Higher Education

X

Great Oaks Career Campuses

Transaction Size: $45,000,000
Fifth Third Capital Markets Role: Sole Underwriter
Transaction Type: Certificates of Participation
Industry: Education

X

American Electric Power Company, Inc.

Transaction Size: $299,030,000
Fifth Third Capital Markets Role: Co-Remarketing Agent
Transaction Type: Revenue Bonds
Industry: Utilities

X

Otterbein Homes Obligated Group

Transaction Size: $46,215,000
Fifth Third Capital Markets Role: Sole Underwriter
Transaction Type: Revenue Bonds
Industry: Healthcare

X

City of Evansville, IN Redevelopment Authority

Transaction Size: $92,425,000
Fifth Third Capital Markets Role: Senior Manager
Transaction Type: Lease Rental Revenue Refunding Bonds, Series 2016 (Arena Project)
Industry: Government

Fixed Income Sales and Trading
Fifth Third Securities, Inc. was the Senior Manager on the City of Evansville, Indiana, Redevelopment Authority Lease Rental Revenue Refunding Bonds, Series 2016 (Arena Project) transaction. The $92,425,000 municipal bond transaction was completed in the third quarter of 2016. The City intends to use the net proceeds from the offering to refund the 2010B Build America Bonds for a net savings of nearly $12,000,000.

*Executed by Fifth Third Securities, Inc.

Additional Resources

How Cities Can Attract New Projects with Creative Public Financing

City officials are thinking of new ways to bring new projects to local areas through creative public financing strategies. Learn more with Fifth Third.

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A supply-demand imbalance trend affects the M&A landscape as a whole, and even more so in specific verticals.

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