The Debt Management Service Center has three major functions:
- Debt Management. The Debt Management Service Center manages the City’s overall debt portfolio, maintains communications with bond rating agencies to ensure complete and clear understanding of the credit worthiness of the City, monitors and compares certain debt ratios of the City to those of comparable issuers, monitors outstanding debt for refunding opportunities, develops and manages relationships with other municipal bond market participants, and monitors the municipal bond market to ensure the City is kept abreast of all events that may impact the City debt or its access to capital markets.
- Debt Issuance. The Debt Management Service Center manages the issuance of the City’s debt and debt related instruments which may include, but is not limited to, general obligation bonds, revenue bonds, bond anticipation notes, capital outlay notes, tax anticipation notes, commercial paper, leases, lease purchase agreements, lease/leaseback agreements, loan agreements, investment agreements relating to bond proceeds, and derivative products. This process includes seeking and receiving appropriate authorization, determining appropriate structure and method of sale, ensuring the preparation of all disclosure documents, selecting professionals to assist with the issuance of the debt, monitoring the municipal bond market, and documenting and reporting debt and debt related expenditures.
- Debt Administration. The Debt Management Service Center ensures full and timely payment of principal and interest on the City’s outstanding debt, prepares and monitors scheduled debt payments to custodian bank and third party payees, administers all transactions related to compliance with federal arbitrage rules and regulations as it pertains to the investment of bond proceeds and spend down requirements, administers initial and ongoing disclosure requirements as it relates to the City debt, prepares and distributes financial reports and statistical data for use by internal and external customers, and prepares invoices relating to loan agreements with other agencies, authorities, or departments.
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The information contained at this website has been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein. This website and the information contained herein do not constitute an offer to sell or the solicitation of an offer to buy any securities. The City currently anticipates that the disclosure documents prepared from time to time in connection with the offering and sale of securities by it may contain information updating or supplementing some of the information presented at this website. In addition, certain financial information and operating data, as well as information regarding certain material developments respecting the City and securities issued by it from time to time, may be filed with the Municipal Securities Rulemaking Board or the Electronic Municipal Market Access (EMMA®). The City in its discretion will determine whether to include such updated information on its website or to otherwise supplement, update or modify the information at this website. Any links to EMMA® provided at this website or returned from City of Memphis web search engines are provided as a courtesy. The City of Memphis does not assume responsibility for the contents, nor endorses any opinions expressed on EMMA®.
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André D. Walker
Deputy Chief Financial Officer
125 N. Main St.
Memphis, Tn 38103
Monday – Friday
8:30 am – 5:00 pm
Debt & Financial Information
Debt Management Debt Policy
Memphis Disclosure Policies and Procedures
State Report on Plan of Refunding Memphis Refunding Letter 02-17-2022 Series 2022A
State Report on Plan of Refunding Memphis Refunding Letter 02-17-2022 Series 2022B
Memphis Refunding Letter, Series 2022A – 90 Days Extension
Memphis Refunding Letter, Series 2022B – 90 Days Extension