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Public Higher Education Bulletin

 
Illinois State University
RFP #SR052517
Request for Proposal: Investment Banking Services
Award Info Published Thursday July 13, 2017
Awarded to:
Vendor: Merrill Lynch, Pierce, Fenner & Smith Incorporated, Chicago, IL
Amount: An estimated $1,000,000
Terms:
An estimated start date of 8/1/2017 through 6/30/2022
Renewals:
1 five-year
Potential Future Renewals: $1,000,000
Vendor: Hilltop Securities, Inc., St Louis, MO
Amount: An estimated $1,000,000
Terms:
An estimated start date of 8/1/2017 through 6/30/2022
Renewals:
1 five-year
Potential Future Renewals: $1,000,000
Vendor: Hutchinson, Shockey, Erley & Co., Chicago, IL
Amount: An estimated $1,000,000
Terms:
An estimated start date of 8/1/2017 through 6/30/2022
Renewals:
1 five-year
Potential Future Renewals: $1,000,000
Vendor: J.P. Morgan Securities, LLC, Chicago, IL
Amount: An estimated $1,000,000
Terms:
An estimated start date of 8/1/2017 through 6/30/2022
Renewals:
1 five-year
Potential Future Renewals: $1,000,000
Vendor: Loop Capital Markets LLC, Chicago, IL
Amount: An estimated $1,000,000
Terms:
An estimated start date of 8/1/2017 through 6/30/2022
Renewals:
1 five-year
Potential Future Renewals: $1,000,000
Number of Unsuccessful, Responsive Respondents: 13
The State Purchasing Officer for this procurement is now Constance Ratliff.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
This notice has been modified
Published Wednesday May 24, 2017
The RFP opening date has been extended to May 25, 2017 at 2 PM CST.

Document included in this addendum: SR052517Addendum3

This notice has been modified
Published Wednesday May 17, 2017
Addendum 2 provides responses to all questions received through May 15, 2017. Documents included with this addendum:

SR052517Addendum2

SR052517Addendum2Appendices

SR052517Addendum2ExhibitA

SR052517Addendum2Section3Checklist

This notice has been modified
Published Wednesday May 17, 2017
The bid opening date for this RFP is May 24, 2017 at 2 PM CST.
This notice has been modified
Published Monday May 15, 2017
This modification is to remind vendors about the State of Illinois requirements for submitting a proposal. See the attached file: SR052517StateRequirements
First published Friday, May 5, 2017
Sealed proposals will be accepted at the address below until 2:00 PM, Thursday May 25, 2017:

Purchasing Office
Illinois State University at Uptown Crossing
1220 Campus Box
100 South Fell Avenue, Suite D
Normal, IL 61790

The Board of Trustees of Illinois State University is seeking proposals from firms to create a Qualified Pool of Vendors to provide Investment Banking Services. The selected pool of vendors will have the opportunity to provide investment banking services to the University for an initial term of 5 years with the option for an additional 5 year renewal.

The "Qualified Pool of Vendors" selection process requires that no pricing be submitted with your response to this RFP. However, vendors who are selected into this pool will be provided opportunities as they arise to submit quotes on an as-needed basis throughout the term of the contract.

The University anticipates refinancing approximately $58.5 million of the Student Housing Revenue Bonds, Series 2011 (CHF-Normal, L.L.C. - Illinois State University Project) ("Series 2011") that funded the construction of the 3rd party owned Cardinal Court residence hall. The University anticipates issuing its own Auxiliary Facilities System ("AFS") Revenue Bonds to fund the refinancing and then incorporate Cardinal Court into the Auxiliary Facilities System. During this period, the University anticipates issuing revenue bonds to fund various capital needs, including updates for Parking, Redbird Arena, and part of the Bone Student Center renovation.

In addition, the University may refinance outstanding revenue bonds and Certificates of Participation, as market conditions so warrant. During the 5 year term of this contract, the University anticipates issuing approximately between $20 million and $100 million for new money projects and up to $150 million for potential refunding opportunities and may use both fixed and variable rate debt with the vast majority anticipated to be tax-exempt. During the engagement, the University reserves its option to offer debt through competitive sales.


For additional information, contact:
Stacy Brown
Purchasing Office
Illinois State University at Uptown Crossing
1220 Campus Box
100 South Fell Avenue, Suite D
Normal, IL 61790-1220
Phone: (309) 438-7611
FAX: (309) 438-5555
State Purchasing Officer - Constance Ratliff
Submit 2 copies of the response as defined in the specifications. There is no BEP goal for this procurement.

This transaction is subject to the State Board of Elections registration and certification requirements of Public Act 095-0971.

The State of Illinois has a policy to encourage prospective vendors to hire qualified veterans, minorities, females, persons with disabilities and ex-offenders.

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Specification Documents
  • SR052517Addendum1.docx (39 KB)
  • SR052517Addendum2.docx (43 KB)
  • SR052517Addendum2Appendices.xlsx (32 KB)
  • SR052517Addendum2ExhibitA.xlsx (14 KB)
  • SR052517Addendum2Section3Checklist.docx (19 KB)
  • SR052517Addendum3.docx (41 KB)
  • SR052517Appendices1-6.xlsx (34 KB)
  • SR052517InvestmentBankingServices.docx (253 KB)
  • SR052517StateRequriements.docx (12 KB)