Specifications include, but are not limited to: The scope of the services to be provided by the Adviser will include, but not be limited to, the following: Participate in and advise the University during the evaluation of underwriter’s proposals and selection of an underwriter. Present recommendations as to the most favorable structure and appropriate terms and conditions to be utilized in connection with debt sale in order to achieve the lowest possible interest cost to the University. Prepare materials for, and make presentations to rating agencies, and/or bond insurers to secure the most favorable rating(s) for the issue. Presentations to the rating agencies and/or bond insurers will be made in conjunction with University designated officials. Review the marketing plan for the funding debt, as proposed by the underwriter. Compare bond sales, trading activity, and bond indices in order to evaluate the bond pricing and make recommendations in this regard. Participate in the development of necessary documentation to include, but not necessarily be limited to, details of any future proposed refunding, such as maturity schedule, redemption schedule, redemption features, interest rates, basic security provisions, and other covenants.
