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Identification

Reference Number: 22040626
Request ID:
Date First Offered04/13/2017
Title:State Revolving Fund Underwriting Services

Agency Reference Number:17-0125
Agency:IFA - Illinois Finance Authority
Purchasing Agency:IFA - Illinois Finance Authority
Purchasing Agency SPO:Nanzi Cantero

Status: Closed

Overview

Description and Specifications:
Pursuant to the exemption of the Illinois Finance Authority (the “Authority”) from the Illinois Procurement Code (30 ILCS 500/1-10(b)(12)), the Authority is giving notice of its intent to award contracts to the underwriting firms set forth below (A) to act as Senior Managers (the “Senior Manager Approved List”) and (B) to act as Co-Managers (the” Co-Manager Approved List” and together with the Senior Manager Approved List, the “Approved Lists”), in each case for the State Revolving Fund Program. This award notice lists only thirteen (13) firms on the Senior Manager Approved List and eight (8) firms on the Co-Manager Approved List. An addendum to add the names of additional firms selected for award will be published at a later date. The Approved Lists are in alphabetical order and do not reflect ranking of scores. The Authority will select underwriters from time to time from the Approved Lists for bond issuances under the State Revolving Program, but work is not guaranteed. All firms selected for the Senior Manager Approved List will also automatically be qualified to serve as a Co-Manager in connection with the issuance of bonds. The contract start dates and end dates are estimated and will begin upon execution of a contract.

Senior Managers:
1. Citigroup Global Markets Inc.
2. Goldman Sachs & Co. LLC
3. Jefferies LLC
4. J.P. Morgan Securities LLC
5. Merrill Lynch, Pierce, Fenner & Smith Incorporated
6. Morgan Stanley & Co. LLC
7. Piper Jaffray & Co.
8. PNC Capital Markets LLC
9. RBC Capital Markets, LLC
10.Samuel A. Ramirez & Company, Inc.
11.Siebert, Cisneros, Shank & Co., L.L.C.
12.Stifel, Nicolaus & Company, Incorporated
13.William Blair & Company, L.L.C.

Co-Managers:
1. Academy Securities, Inc.
2. Cabrera Capital Markets LLC
3. Hilltop Securities Inc.
4. Hutchinson, Shockey, Erley & Co.
5. J.J.B. Hilliard, W.L. Lyons, LLC
6. Loop Capital Markets LLC
7. Mesirow Financial, Inc.
8. The Williams Capital Group, L.P.


Key Information

Notice Type:General Notice

Published:06/01/2017
Notice Expiration Date:07/24/2017

Professional & Artistic:No
Small Business Set-Aside:No

Does this solicitation contain a BEP or DBE requirement?:No

Does this solicitation contain a Veteran requirement?:No

Relevant Category:General Services

Total Amount of Award:$0.00 (Total Dollar Value Only/Includes Any Renewal Options)
Estimated/Actual Value Description:These are zero dollar contracts to the Agency. If the Vendor is selected to perform on a particular transaction, the Vendor will be compensated at time of closing of such transaction from the proceeds of the bonds issued in connection with such transaction.
Bidder(s)


Number of Responding Bidders:31
Number of Unsuccessful Bidders:0
Total Number Awarded:21

Listing of All Bidders/Offerors Considered But Not Selected:
Source Selection:N/A

Vendor(s) Selected for Award
Vendor NameAmount of Award BEP Goal % DBE Goal %
William Blair & Company, L.L.C.$0.000%0%
The Williams Capital Group, L.P.$0.000%0%
Stifel, Nicolaus & Company, Incorporated$0.000%0%
Siebert Cisneros Shank & Co, L.L.C.$0.000%0%
Samuel A. Ramirez & Company, Inc.$0.000%0%
RBC Capital Markets, LLC$0.000%0%
PNC Capital Markets LLC$0.000%0%
Piper Jaffray & Co.$0.000%0%
Morgan Stanley & Co. LLC$0.000%0%
Mesirow Financial, Inc.$0.000%0%
Merrill Lynch, Pierce, Fennner & Smith Incorporated$0.000%0%
Loop Capital Markets LLC$0.000%0%
J.P. Morgan Securities LLC$0.000%0%
J.J.B. Hilliard, W.L. Lyons, LLC$0.000%0%
Jeffries LLC$0.000%0%
Hutchinson, Shockey, Erley & Co.$0.000%0%
Hilltop Securities Inc.$0.000%0%
Goldman Sachs & Co. LLC$0.000%0%
Citigroup Global Markets Inc.$0.000%0%
Cabrera Capital Markets LLC$0.000%0%
Academy Securities, Inc$0.000%0%

Notice Contact
Name: Terry Franzen
Street Address:Illinois Finance Authority, 160 N. LaSalle Street, Ste S-1000, Chicago, Illinois 60601
City:Chicago
State:IL
Zip Code:60601
Phone: 312.651.1312
Fax Number:312.651.1350
EMail Address:tfranzen@il-fa.com

Class Code

Class Codes:

NIGP Code

NIGP Commodity/Service Code:946 49 Financial Services (Not Otherwise Classified)


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