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  5. ›Municipal Bond Underwriting Pool

Awarded contract·City of Oxnard·California

Municipal Bond Underwriting Pool

Won by Hilltop Securities +6 more$4MMultiple Award
Contract source

Awarded vendors

  • Hilltop Securities
  • JP Morgan
  • Piper Jaffray
  • RBC
  • Raymond James
  • Ramirez
  • Stifel Nicolaus

Description

The City of Oxnard is soliciting proposals for bond underwriting services. The City intends to select one or more firms to serve as underwriter on one or more future bond financings. The selected firms will be part of a pool of approved underwriters, and the City will select one or more firms from this pool for each specific financing project. The contract is for a period of 4 years. • The City is seeking firms with experience in bond underwriting services. • The selected firms will be required to provide underwriting services for future bond financings. • The City will evaluate proposals based on criteria such as completeness, experience, technical capability, and overall cost. • The City encourages all prospective bidders to visit the City's website for upcoming bidding opportunities.

Attached files

Key dates

Duration
4 years

Last updated

Details

Award type
Multiple Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523120
Solicitation №
FN 20-15

Contract value

$4,000,000

The value of the contract is not explicitly stated, but it can be estimated based on the scope of work and the number of vendors selected. Assuming an average annual bond issuance of $100 million and a underwriting fee of 1%, the total underwriting fee for the 4-year period would be approximately $4 million. However, this is a rough estimate and the actual value of the contract may be higher or lower.

AI estimate from the award documents

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