Rice Financial Products Co., founded by J. Donald Rice Jr. in 1994, is one of the nation’s largest minority-owned municipal investment bank firms. Named BE Financial Services Company of the Year in 2000, Rice Financial specializes in investment banking derivatives and municipal underwriting.
Under Rice’s leadership, the firm has participated in more than $30 billion in municipal derivatives transactions. Clients include the Denver International Airport, the Fort Worth Water and Sewer System; as well as the Miami-Dade County Center for Performing Arts among others.
In 2008, the firm senior managed a $114 bond financing for Jackson, Miss. School District—the largest school district transaction in Mississippi. Since its inception, the company has managed or senior managed $3.8 billion in bonds and co-managed more than $15 billion in bonds.