Municipal Underwriter Services
Location:
Newark, New Jersey, United States
Posted on:
Deadline:
Summary:
Newark seeks a senior managing underwriter for future municipal bond issuances, covering all aspects of structuring, marketing, and credit enhancement.
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The government authority located in Newark, New Jersey is seeking a vendor to provide municipal underwriter services. The selected firm will serve as the senior managing underwriter for future bond issuance projects, with responsibilities including preparation of financing schedules, distribution lists, and conducting working group calls.
Key tasks involve structuring and sizing bond issues to minimize debt service costs, preparing and updating cash flows for individual transactions, and managing the entire underwriting process. The vendor will also be responsible for marketing and distributing bonds, providing insights on market timing, trends, and investor demand, as well as obtaining and recommending efficient utilization of credit enhancement options such as bank facilities and bond insurance.
Additional responsibilities include identifying investment opportunities to generate savings and improve transaction efficiency, preparing pricing memos regarding market conditions and underwriter compensation, and supporting bonds in the secondary market.
Best-fit vendors:
• Experienced municipal underwriting firm
• Demonstrated expertise in public finance and bond issuance
• Strong track record with U.S. municipal government clients
• Knowledge of market timing, trends, and credit enhancement tools
• Capacity to support secondary market activities
