Underwriting Services

The Vendor is required to provide underwriting services including but not limited to the below listed items:
•    Participate with county general counsel, bond counsel, and financial advisor in the development of a plan of finance for issuances of any obligations.
•    Identify investors who are most likely to purchase the offering(s) at rates most favorable to county. 
•    Assist county, as required, in the preparation and presentation of information regarding the financing plan and the bond issue to the rating agencies, investors and other entities as needed.
•    Provide market updates to assist in long- and near-term financial planning.
•    Respond to requests for information on potential financing needs and present ideas that county may consider for contemplated financings and ongoing debt financing planning, at the direction of the university.
•    Provide ideas and feedback to assist in the development and implementation of a plan of finance.
•    Provide bond sizing and other quantitative analysis to be used in developing a plan of finance.
•    Participate as a key member of the working group.
•    Comment and review bond documents, university disclosure documents, the preliminary official statement, the final official statement, bond purchase agreement, tax certificate, and other relevant financing documents.
•    Perform due diligence in conjunction with each financing.
•    Advise and assist in preparing for rating agency calls or meetings if requested.
•    Assess alternative financing structures as needed and proposed.
•    Assist in the procurement and negotiation of credit and liquidity support products, if needed and requested.
•    Provide recommendations on the timing of bond issues, maturity and amortization structure, coupon selection, and call provisions, among others.
•    Coordinate the work of the underwriting syndicate, including obtaining price views, providing opportunities to sell bonds, and implementing the designation rules and allocation guidelines established by the university. 
•    Provide game day access or equivalent to monitor order flow. 
•    Obtain agency and manage all sale day logistics.
•    Supervise the closing of the transaction (s) and the transfer of funds.
•    Provide continuing and ongoing secondary market support of county bonds after the closing of the transactions.
•    Market and price the bonds with quality execution, including ability and willingness to underwrite a reasonable portion of unsold inventory if necessary.
•    Prepare a closing memorandum and assist the working group in a timely closing.
•    Prepare a post-sales analysis to record market conditions, investor allocation of bonds, orders and allocations of bonds among the underwriting team, rates received by comparable issues at the time of sale, and any other necessary information required by county.
•    Provide regular reports setting forth the market conditions prior to, during and after the sale of bonds, summarizing the reception of the bonds in the market and evaluating performance relative to the market and other comparable securities.
•    Provide other related services as required.

- Contract Period/Term: 3 years
- Questions/Inquires Deadline: August 11, 2025