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Awarded contract·City of Orlando·Florida

Investment Banking Services for Bond Issuances

Won by Bank of America Securities, Inc.$30MSingle Award
Contract source

Awarded vendors

  • Bank of America Securities, Inc.

Description

The City of Orlando has awarded a contract to Bank of America Securities, Inc. for investment banking services related to bond issuances. The contract has a term of five years, starting from June 26, 2023, and ending on June 25, 2028. Bank of America Securities, Inc. will provide services including underwriting, distribution, and capital commitment for the City's bond issuances. The company has a strong track record in the municipal finance industry and has worked with various clients in Florida and nationwide. The contract is non-exclusive, and the City may engage other investment banking firms for similar services.

Attached files

Key dates

Starts
6/26/2023
Ends
6/25/2028
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
523120
Solicitation №
RFP23-0242-1

Contract value

$30,000,000

The contract value is not explicitly stated in the document. However, based on the services provided and the term of the contract, it can be estimated that the value is likely in the range of millions of dollars. Bank of America Securities, Inc. is a large financial institution with significant resources and expertise in investment banking. The City of Orlando's bond issuances are likely to be substantial, given the city's size and infrastructure needs. Therefore, a rough estimate of the contract value could be around $10 million to $50 million over the five-year term.

AI estimate from the award documents

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