About Rice Financial

HBCU Capital Financing Program

Our History

Rice Financial Products Company is proud to rank among the leading underwriters of municipal bonds in the United States. The firm was founded in New York in 1993 primarily as a municipal derivatives boutique.

Today, Rice Financial provides investment banking services to state and local governments, educational institutions, corporations and financial institutions. The firm offers creative financial solutions in five areas:  Education Finance, Municipal Investment Banking, Institutional Equity, Institutional Fixed Income and Infrastructure Finance.

Our Higher Education Experience

Rice Financial is a highly accomplished underwriter of higher education bonds and is the largest financier of Historically Black Colleges and Universities. Notable bond transactions include:


  • Joint-book senior manager of $80,825,000 in Revenue Bonds for Morgan State University (MD)
  • Senior manager of $115,090,000 in Revenue Bonds for Hampton University (VA)
  • Senior manager of $45,300,000 in Revenue Bonds for Morehouse College (GA)
  • Joint-book senior manager of $1,005,755,000 in Revenue Bonds for the Dormitory Authority of the State of New York
  • Senior manager of $39,110,000 in General Obligation Bonds for City Colleges of Chicago (IL)
  • Sole underwriter of $27,285,000 in Refunding Certificates of Participation for Kern Community College District (CA)
  • Senior transaction manager of a $66,405,000 financing for Jackson State University (MS)
  • Sole underwriter of $12,665,000 in General Obligation Refunding Bonds for West Hills Community College District (CA)
  • Joint senior manager of a $41,560,000 Maintenance Tax Note transaction for Houston Community College (TX)
  • Co-senior manager of $415,355,000 in Limited Project Revenue Bonds for the Regents of the University of California


Please visit www.ricefinancialproducts.com for more information.