A financial advisor for a transaction may be requested to participate in any or all of the following:
Analyze unrated bond issues for soundness, feasibility, and risk to the Commission.
Review bond documents and attend special meetings related to bond transactions as required.
Assist staff and bond counsel in negotiating financial and non-financial covenants of individual bond issues as required.
Participate in the pricing of fixed rate bond issues sold on a negotiated basis. Prepare a pre-pricing book and consult with the underwriters to establish a pricing scale acceptable to the borrower and the Commission.
For competitive sales, coordinate the pre-sale publicity, call for bids, evaluate bids, and make recommendations to the Commission regarding the sufficiency of bids and the award of bonds.
Prepare a report after each bond sale evaluating the performance of the managing underwriters and members of the syndicate in the marketing of the bonds.
Consult with and advise borrowers on the use of the Commission’s programs, and assist borrowers in evaluating and developing financing options, identifying credit enhancement, and selecting lenders and underwriters, if requested.