Pensions
Stifel’s Pension Obligation Bond Group (POB)
Pension Liability Management Expertise
Stifel’s Public Finance Banking team includes a dedicated group of seasoned professionals who provide in-depth analysis and strategic recommendations on pension liability management for issuers nationwide. In addition to senior-managing financings for cities, counties, and states across the country, our team offers insights into the structural, policy, regulatory, and market dynamics that influence pension and OPEB (Other Post-Employment Benefits) finances.
Representative Transactions
Dollar 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.
Accolades
Largest
Stifel is the #1 pension obligation bond (POB) underwriter, by par amount and number of transactions, financing over $4.1 billion for 59 issues since 2020.
Experienced
More than one of every four pension obligation bond (POB) deals1 in the United States is priced by Stifel.
Innovative
Stifel helped codify best practices and drive innovation for pensions in Arizona, West Virginia and California.
1 Source: LSEG, as of 8/2025
Team
Sara Oberlies Brown
Managing Director
San Francisco
Omar Daghestani
Managing Director
Chicago
Grant Hamill
Managing Director
Phoenix
John Kim
Managing Director, Head of K-12 Charter Schools
Los Angeles
Jeremy Newtson
Managing Director
Chicago
Mark Reader
Managing Director
Phoenix
Jack Leeper
Director
Phoenix
Claude Lockhart
Director
Chicago
Stifel Municipal Bond Calendar
Stay up to date on Stifel’s municipal bond activity throughout the United States. Our Municipal Bond Calendar showcases selected negotiated offerings that include anticipated par amounts, pricing dates, and Preliminary Official Statements. See important disclaimer information here.
| Anticipated Pricing Date | Type of Financing | State | Issuer | Issue | Anticipated Par | Rating (s) Moodys, S&P, Fitch | Federal Taxes | State Taxes | Preliminary Official Statement |
|---|---|---|---|---|---|---|---|---|---|
| Updates will be shared when available. Click here to see our full calendar. | |||||||||
Want to learn more?
Contact UsGet in Touch
Stifel underwrites debt on behalf of municipalities throughout the nation. The bond issues represent selected negotiated offerings in which the firm will participate in. These bonds are subject to prior sale. This offering calendar is for information purposes only, and is not intended as an offer for solicitation with respect to the purchase or sale of any securities. New issues are offered by Official Statement only, which can be found by clicking the “POS button” for each respective deal under the Preliminary Official Statement column. Stifel encourages investors to work with their personal financial advisor when making decisions about buying or selling any security. These decisions should be guided by an overall financial plan specific to individual objectives, tax considerations and risk tolerance, as well as to market environments that may affect investments. If you have any questions regarding the process for selling municipal bonds at Stifel, please consult your financial advisor.
