New York State Contract Reporter #HCR-RFQ-261014USR

Bond Underwriting and Selling-Group Services for New York State Agencies

New York State agencies are seeking qualified financial firms to underwrite and distribute bonds supporting housing and other agency financing programs. - Government buyer: New York State Homes & Community Renewal (HCR), through its Procurement Unit, on behalf of the New York State Housing Finance Agency (HFA), State of New York Mortgage Agency (SONYMA), State of New York Municipal Bond Bank Agency (MBBA), and Tobacco Settlement Financing Corporation (TSFC). - Services sought: Prequalified firms for Senior Managing Underwriter (Tier 1), Co-Managing Underwriter (Tier 2), and Selling Group Member (Tier 3) roles. Applications cover all four agencies collectively; firms may apply for either or both underwriting tiers, or only the selling-group list. Firms selected for an underwriting panel are also included on the selling-group list. - Tier 1 scope: Lead bond underwriting and sales, including structuring, pricing, marketing, investor outreach, syndicate coordination, market and refunding analysis, pricing memoranda, post-closing analysis, secondary-market support, remarketing rate resets, investor meetings, and roadshows. Senior Managing Underwriters may also be required to commit capital or provide balance-sheet, credit, or liquidity support. - Tier 2 scope: Support bond marketing and distribution, commit capital as required, provide secondary-market support, and perform other services requested by the agencies. - Tier 3 scope: Distribute agency bonds to investors without underwriting responsibilities, duties, or risk. - Expected financing: HFA affordable-housing revenue and multifamily housing programs and SONYMA single-family housing programs; MBBA and TSFC bond issues may also be included. - Eligibility and participation goals: Firms must meet solicitation requirements and be registered with the SEC, FINRA, and/or MSRB. Participation goals are 30% total MWBE (15% MBE and 15% WBE) and 6% SDVOB. - Term and quantities: The panel/list term is three years, with two optional one-year renewals described in the solicitation. No products, part numbers, or service quantities are specified. The solicitation replaces existing panels, so current firms must reapply to remain qualified.

Description

The agencies seek qualifications from firms registered with the SEC, FINRA, and/or MSRB to establish prequalified panels of Senior Managing and Co-Managing Underwriters and a Selling Group Member list for bond sales. Responsibilities include underwriting, bond pricing and marketing, distribution, investor outreach, transaction execution, and related financial analysis and support. Proposals must collectively cover HFA, SONYMA, MBBA, and TSFC; firms may apply for either or both underwriter panels, or solely for the Selling Group Member list. This RFQ replaces the existing underwriter panels, and current panel members must submit responses to remain prequalified.

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