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Tender Option Bonds
Tender Option Bonds

Conflict-free Expertise for Tender Option Bonds

Tender Option Bonds (TOBs) are the choice of investors in leveraged transactions when seeking the tax-exempt benefits of municipal securities and the liquidity and flexibility of structured finance.

Wilmington Trust is experienced in administering TOBs through New York Common Law Trusts and Delaware Statutory Trusts (DSTs), and is a conflict-free provider of TOB services. We don't have a TOB program of our own, so we don't compete with our clients. And our state-of-the-art technologies give program managers and investors information needed to effectively and easily manage investments and transactions.

We assume the following roles for proprietary or third-party sponsored programs, and for single-asset or pooled trusts:

  • Trustee
  • Registrar and transfer agent
  • Paying agent
  • Tender agent
  • Custodian
  • Resident trustee for DSTs
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M&T Bank. Investment Services, Wealth Advisory and Corporate & Institutional products and services are offered by Wilmington Trust Company,
operated in Delaware only, and Wilmington Trust, N.A. International Corporate & Institutional services are offered through our international affiliates.

 Investments: • Are NOT FDIC-Insured. • Have NO Bank Guarantee. • May Lose Value. 
Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank, Wilmington Trust or Wilmington Trust NA.

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