Zions Bank Capital Markets operates the only combined municipal underwriting and trading desk in Utah. When not acting as municipal advisor, Zions Bank has the ability to engage our highly experienced sales force to create a market for our clients’ bonds.

Underwriting services are offered by Zions Bank's municipal securities dealer. A representative sample of our projects over the past ten years follows below:
    • Salt Lake City Airport Redevelopment Program
    • Project
    • Zions Bank's municipal securities dealer has been hired by the SLC Airport to be a co-managing underwriter for the Airport Redevelopment Program (ARP). This $3.5 billion project consists of a new 895,000 square foot terminal facility connected to a parking garage, and a 79,000 square foot building space housing ticket counters, rental car counters and other services. Additional buildings and improvements will also be part of the ARP. Zions Bank's local underwriting desk has been a valuable member of the underwriting syndicate that has issued the initial $1.85 billion of bonds.

    • Utah Housing
    • Project
    • The Utah Housing Corporation partners with Zions Bank's municipal securities dealer to underwrite certain transactions that meet specific investor appetite and demand. The bonds sold for this program are taxable, 30-year, fixed rate bonds and bear interest rates that are lower than other comparably structured transactions—even those that are tax exempt. With the bond proceeds, UHC can acquire mortgage loans made by financial institutions throughout the state and financially facilitate a market for qualified home buyers. Since the program’s inception, Zions Bank's municipal securities dealer has underwritten over a dozen transactions with a total par amount in excess of $432 million.