Specifications include, but are not limited to: a. Book-Running Senior Manager i. Develop and present potential financing structures (including optimal sizing considerations) and a proposed sales calendar for financings; ii. Assist TRE and bond counsel in the preparation of legal documentation; iii. Provide assistance in the preparation of the preliminary and final official statements for related bond issues; iv. Participate in the TRE’s solicitation of credit ratings; v. In consultation with TRE, propose, develop and implement a detailed marketing plan for the bond sale. This includes, but is not limited to, preparation of and participation in investor presentations, identification of potential investors, and individual and/or group investor meetings and calls; vi. Provide investor feedback on pricing, structure, and reverse inquiry; vii. Prepare and deliver preliminary pricing information to TRE prior to the scheduled sale; viii. Actively engage and manage all members of the syndicate in accordance with TRE’s stated financing objectives; ix. Follow TRE’s debt management policies and procedures (either oral or written) for liability, designation procedures, pricing procedures and the process of selling debt obligations; x. Assist the TRE in the successful structuring, marketing, and sale of debt obligations to achieve its goals of attaining lowest possible borrowing cost and expansion of the Commonwealth’s investor base; xi. Without the use of member orders, underwrite bonds, if necessary, for the purpose of enabling an orderly pricing and to meet TRE’s overall pricing goals; and xii. Assist TRE in the post-financing evaluation process including the timely submittal of all required reports. b. Co-Senior Manager/Co-Manager i. Participate, if requested, in informational and due diligence meetings; ii. Respond to requests from the Book-Running Senior Manager regarding preliminary pricing information, including but not limited to, estimated interest rate scale detailing rates and yields; iii. Provide investor feedback on pricing, structure, and reverse inquiry; iv. Assist TRE in the successful marketing and sale of the debt obligations to achieve the lowest possible borrowing costs, particularly in those targeted sectors or unique subject areas assigned by TRE prior to the financing; and v. Follow TRE’s debt management policies and procedures (either oral or written) for liability, designation procedures, pricing procedures and the process of selling debt obligations.
