Underwriter Services

The vendor is required to provide to serve as underwriter for its proposed limited obligation bonds, series 2025.
- Provide the name of the firm, address of office responding and contact information, including phone number, title and email for the team that will be assigned to the town’s transaction, including the underwriter.
- Provide a brief overview of your firm and its state negotiated underwriting experience since January 1, 2022, with specific information relating to experience underwriting limited obligation bonds or certificates of participation.
- Provide your proposed underwriter’s compensation by component.
- Any component for expenses must be explicitly listed and should include underwriter’s counsel fees.
- Underwriter’s counsel will be responsible for drafting the official statement and bond purchase agreement.
- Provide indicative pricing scales based on the market (i.e. the AAA go mmd index) as of the close of business on May 6th using the excel file provided as an attachment.
- Note that there are two tabs – one requesting indicative spreads at all 5% coupons and a second with an open-ended couponing structure; please fill out both tabs.
- Additionally, provide commentary on preferred couponing structure in the current rate environment and any recent comparative pricings that were considered in the formulation of the pricing scales.
- Please provide information on your firm’s willingness and ability to underwrite bonds and any demonstrated strategy that might be applicable to the 2025 lobs.
- Specific to your willingness to aggressively price bonds and underwrite unsold balances, please provide detail on the amount of bonds your firm has underwritten on its five most recent senior or sole managed transactions (or co-managed transactions if material balances underwritten), regardless of the type of bond or security.