CastleOak Securities Partners With the Federal Home Loan Bank System

NEW YORK, Aug. 20, 2013 /PRNewswire/ -- CastleOak Securities, L.P., a leading New York-based boutique investment banking firm, today announced that it has partnered with the Federal Home Loan Bank System to issue $510 million of floating rate debt securities, which CastleOak placed with institutional investors, including local government accounts, asset managers and corporations. This was the largest Agency MTN underwriting ever sole-managed by a minority-owned investment bank.

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This partnership demonstrates the Federal Home Loan Banks' commitment to including and utilizing minority-, woman- and disabled-owned firms in capital markets activities. "The Federal Home Loan Banks' display of confidence in CastleOak's capabilities is a testament to the strength of our fixed income underwriting, trading and institutional sales platform and our ability to add value to the capital markets activities of our GSE partners," said David R. Jones, President and Chief Executive Officer of CastleOak Securities. "We are proud to have earned the opportunity to sole-manage this transaction for the Federal Home Loan Banks."

According to Bloomberg L.P., CastleOak Securities ranked #1 in underwriting of GSE and Supranational debt among minority-owned investment banks in 2010 through 2012 and captured a 60% market share in this space in 2013 as of July 26^th.

About CastleOak Securities

CastleOak Securities, L.P. is a boutique investment bank focused on the capital markets and serving a broad array of corporate, governmental and institutional investor clients. Headquartered in New York City, and with seven regional offices, CastleOak specializes in primary and secondary sales and trading of fixed income, equity, municipal and money market securities. CastleOak Securities was named a leading black-owned investment bank by Black Enterprise magazine for the last three consecutive years. For more information, visit www.castleoaklp.com.

SOURCE CastleOak Securities, L.P.

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