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Contact: Jennifer A. Galloway, Chief Communications Officer 
            (703) 797-6600
            jgalloway@msrb.org

NEW MSRB VIDEO ADDRESSES ROLES IN A MUNICIPAL BOND ISSUANCE

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today released a short video that explains the roles of key participants involved when a state or local government borrows money from the investing public by issuing a bond. The Issuance Process seeks to clarify for state and local government issuers the distinct roles of underwriters and municipal advisors so that they can understand the nature of their relationships with each of these entities throughout the issuance process. The video continues the MSRB’s award-winning multimedia strategy to provide municipal market education to state and local governments and investors.

“The MSRB’s video series tell the story of municipal bonds—what role they play in financing public projects, who are the participants and how the MSRB contributes to a fair and efficient market,” said MSRB Executive Director Lynnette Kelly. “We want state and local governments, investors and anyone with an interest to better understand how the municipal market works so that they can make decisions that are right for them.”

The new video is geared toward state and local governments starting the process of bringing a new municipal bond to the market. The video specifically aims to help first-time and infrequent issuers familiarize themselves with the issuance process and the different role of underwriters and municipal advisors, which are regulated by the MSRB.

As part of its education mission, the MSRB provides free online toolkits for state and local governments and investors to help them navigate the process of issuing and investing in municipal securities. All of the MSRB educational materials provide objective and independent information for municipal market participants.

Follow the MSRB on Twitter @MSRB_News and sign up to receive email updates about new educational materials from the MSRB.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. The MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. The MSRB is a self-regulatory organization governed by a board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.

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