Services to be provided by the senior underwriter will include, but are not limited to: 1) The development of competitive and creative bond financing structures and mortgage products for eligible borrowers that result in the lowest interest rates, the lowest issuance costs, the lowest negative arbitrage, the greatest amount of financing flexibility, and the maximum bond yield to mortgage rate spread. 2) Provide information regarding current or forecasted conditions in the municipal bond market and in the taxable fixed income securities markets. 3) Assume primary responsibility for the underwriting, marketing and management of bond issues in a timely manner, including the coordination of the sale and closing of bonds. 4) Serving as a point of contact with the rating agencies. 5) The ability to provide ongoing qualitative and quantitative maintenance and support services prior to and following a transaction. 6) Review and comment on bond trust indentures, program agreements, disclosure related documents and other legal documents associated with RIHousing's programs and bond offerings. 7) Assistance with disclosure related requirements. 8) Providing additional services as requested by RIHousing. Services to be provided by the co-managing underwriters include but are not limited to: 1) Providing input on and acting as members of the management group on market transactions. 2) Participation in new bond offering activities directed by the senior underwriters. 3) Utilize the institutional and retail sales capacity of the firm to assist in implementing the marketing and distribution strategy for the bonds, particularly to enhance the instate sale of bonds to retail investors. 4) Providing general support of RIHousing's bond offerings in the secondary market.
