Specifications include, but are not limited to: The successful Bidder(s) will provide, at a minimum, the services and products listed below. The Department expects all customary services related to underwriting of municipal bonds including, but not limited to: 1. Make recommendations on all aspects of financings including, but not limited to, the timing of sales, marketing of the bonds or notes, and structuring considerations. 2. Assist in the development of rating agency presentations. 3. Review and assist in the preparation of disclosure and other legal documents. 4. Assist with investor relations, including existing holders of State bonds, accessing new investors, and assisting the Department with exploring retail investor relations. 5. Assist with any investor presentation. 6. Market bonds and notes so as to achieve the lowest possible borrowing cost. 7. Coordinate the negotiated sale of the bonds, including underwriting bonds if necessary, to enable an orderly pricing and to meet the State’s goals for pricing. 8. During bond and note pricings, provide: a. The ability to remotely monitor orders on a real-time basis, including the type of order and firm placing the order b. Investor feedback and reverse inquiries c. Status updates summarizing order flow and intra-day market developments that affect pricing d. Provide a post-sale analysis. 9. Ensure the maximum level of participation in the sale and a widespread distribution of the state’s bonds. 10. Add value to the state’s debt transactions by helping obtain competitive interest rates and/or reducing the cost of issuance to the state.
