Finacorp Securities Becomes #1 Ranked MBE Underwriter With $2.2 Billion

IRVINE, Calif., Sept. 4 /PRNewswire/ -- Finacorp Securities today celebrates its one year anniversary as an authorized underwriter of Federal Home Loan Bank (FHLB) debt securities. Created by Congress in 1932, the mission of the Federal Home Loan Bank System is to provide access to housing for all Americans and to improve the quality of their communities by providing a continuous flow of funds to the residential mortgage market. These funds originate with the sale of debt securities, called consolidated obligations, in the capital markets.

"We are very proud of our underwriting team's success. This is a good example of a client driven product that we have identified and responded to by hiring a team of professionals to address this need. We anticipate that this department will continue to grow as this current market will continue to demand highly specialized structures that our team is able to deliver on," said Ed Prado President and CEO of Finacorp Securities.

Additionally, Finacorp is an authorized underwriter for Freddie Mac debt and has played an important role in the origination and sale of both Freddie Mac and FHLB debt securities over the past 12 months. Structuring securities to meet institutional investor's specific portfolio needs and market views with callables and the use of both fixed rate and floating rate coupons resulted in 21 new issues Finacorp brought to market as a lead manager totaling over $2.2 Billion, and establishes Finacorp as the #1 Minority owned broker dealer in this category.

(http://www.finacorp.com)

About Finacorp Securities

Finacorp Securities is a certified Minority-Owned Hispanic Broker/Dealer headquartered in California. The firm is focused exclusively on delivering value-added diversity solutions to the treasury and investment supply chain of public agencies, asset managers, corporations and foundations nationwide. Through a combination of its own proprietary systems and third-party partnerships, Finacorp provides seamless execution, settlement and custody to institutional fixed income and equity market participants. Finacorp has been built on a tradition of highly personalized service delivered by professionals harnessing the power of technology and strategic partnership to deliver value-driven securities execution, detailed portfolio analytics, and seamless settlement. Finacorp's high-touch, high-tech business model represents a comprehensive set of fixed income and equity solutions for today's value driven, risk adverse institutional client. Finacorp Securities is member FINRA, SIPC and MSRB.