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  5. ›ACC Underwriting Syndicates Request for Qualifications…

Awarded contract·Austin Community College·Texas

ACC Underwriting Syndicates Request for Qualifications (RFQs)

Won by RBC Capital Markets, LLC +13 more$5MMultiple Award
Contract source

Awarded vendors

  • RBC Capital Markets, LLC
  • Piper Sandler & Co.
  • BofA Securities, Inc.
  • Jefferies LLC
  • Morgan Stanley
  • Raymond James & Associates, Inc.
  • Estrada Hinojosa & Company, Inc.
  • Siebert Williams Shank & Co. LLC
  • J.P. Morgan Securities, LLC
  • Samuel A. Ramirez & Co., Inc.
  • Wells Fargo Bank, N.A.
  • BOK Financial Securities, Inc.
  • Loop Capital Markets LLC
  • Mesirow Financial, Inc.

Description

This solicitation is a Request for Qualifications (RFQ) issued by Austin Community College to identify and select qualified underwriting syndicates for future securities offerings. The RFQ was released on June 1 2023, with a submission deadline of June 16 2023. After evaluation, fourteen financial institutions were selected to serve as underwriting partners, indicating a multiple‑award arrangement. The solicitation includes a contact person (Janet Nicholson) for any queries. No contract terms, values, or performance periods are disclosed in the provided excerpt. • Purpose: Secure underwriting services for the college’s financing activities. • Process: Open RFQ with no pre‑solicitation conference; submission deadline June 16 2023. • Outcome: Fourteen firms awarded qualifications, enabling the college to engage multiple syndicates for future issuances.

Attached files

The award documents live at the source — open the contract source above to download them.

Key dates

Bids closed
6/16/2023

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523110
Solicitation №
949-23-147-00-S-JN-RFQ

Contract value

$5,000,000

The document provides no monetary figures. However, underwriting fees for institutional issuances typically range from 0.5% to 2% of the total capital raised. Assuming Austin Community College might raise between $50 million and $150 million in securities, the aggregate underwriting fees could be roughly $250,000 – $3,000,000. Given the selection of fourteen firms, the overall contract budget is likely in the low‑single‑digit millions, perhaps around $5 million when accounting for fees, administrative costs, and potential multiple‑issuer engagements.

AI estimate from the award documents

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