Review underwriter financing ideas as requested. Participate in meetings and conference calls with GOMB staff, underwriters, bond counsel, and other bond financing team members as needed. Analyze the cost-benefit of different bond structuring and pricing options. This includes but is not limited to insured bonds versus uninsured, evaluating couponing structures, and callable versus non-callable bonds. Assist with developing and executing strategies to lower the all-in borrowing costs of the State’s debt portfolio and to identify and mitigate risks associated with the portfolio. Advise the State of particularly advantageous times to enter the market. For negotiated transactions, advise the State on underwriter and team selection. For competitive transactions, manage the competitive sale, bid verification, marketing processes, and prepare a closing memorandum. Additionally, assist GOMB in identifying firms for and securing escrow agent and verification agent services, as necessary and appropriate. Advise on rating agency matters and strategies for agency meetings, including the preparation of rating agency presentations and a synopsis of their likely concerns, and potential questions and answers. Participate in all pricing discussions. Provide data regarding rates on comparable issues in the market shortly before and concurrent with the sale of the State’s securities and different indices that can be used to assist in pricing discussions. Assist with responding to requests for analysis from State of Illinois constitutional officers and other interest parties. Provide market and regulatory updates as applicable...
