As an international public finance bank, DEPFA is depfanitely out for the big money. The bank's services include public infrastructure project finance, debt restructuring, budget financing, bond placement support, balance sheet management, structured asset finance, pension finance, and lines of credit. A subsidiary of Germany-based Hypo Real Estate, DEFPA has approximately 30 offices in Europe, Asia, the US, and Brazil. DEPFA bought the municipal capital markets group of US-based First Albany Securities (now Broadpoint Securities) in 2007, but sold the unit to Jefferies Group in 2009 in order to focus on its core public sector finance activities.