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Public Higher Education Bulletin

Northern Illinois University
RFP #bjm072210
Request for Proposal: Bond Underwriting Services
Award InfoPublished Friday August 27, 2010
Awarded to:
Vendor: BMO Capital Markets GKST, Inc., Chicago, IL
Amount: An amount not to exceed $575,400
An estimated start date of 9/1/2010 through 6/30/2014
1 three-year
Vendor: Cabrera Capital Markets, LLC, Chicago, IL
Amount: An amount not to exceed $246,600
An estimated start date of 9/1/2010 through 6/30/2014
1 three-year
Number of Unsuccessful, Responsive Respondents: 14
There was no Business Enterprise Program plan for this procurement. After each vendor name, the first figure is the 80/20 split $/1,000 par, the second figure is the total $ for 120 MM, and the third figure is the 80.00%.
Siebert Bradford Shank & Co, LLC, Chicago, IL 6.26 751,200 600,960 Morgan Keegan Memphis, TN 5.88 705,600 564,480 Bank of America, Merrill Lynch, Pierce, Fenner & Smith, Inc., Chicago, IL 5.30 636,000 508,800 Mesirow Financial, Inc., Chicago, Il 6.46 775,200 620,160 PNC Capital Markets, LLC, Cleveland, OH 4.50 540,000 432,000 M.R. Beal & Co., New York, NY 5.62 674,400 539,520 RBC Capital Markets Corp., Baltimore, MD 6.23 747,600 598,080 Stern Brothers & Co., Chicago, IL 6.00 720,000 576,000 Loop Capital Markets, LLC, Chicago, IL 4.18 501,600 401,280 Grigsby & Associates, Chicago, IL 4.50 540,000 432,000 Robert W, Baird & Co., Naperville, IL 5.90 708,000 566,400 George & Baum & Co., Chicago, IL 5.25 630,000 504,000 Rock Fleet Financial Service, Inc., New York, NY 5.65 678,000 542,400 Piper Jaffray, Chicago, IL 6.08 729,600 583,680
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Wednesday, July 7, 2010
Sealed proposals will be accepted at the address below until 2:00 PM, Thursday July 22, 2010:

Purchasing Office
Lowden Hall, Room 107
DeKalb, IL 60115-2870

The University is seeking a qualified underwriting firm or firms to participate in the planning, implementation, marketing and sale of the University's Auxiliary Facilities System Revenue Bonds, Series 2010 and other subsequent financings as described in the attached RFP.

For additional information, contact:
Becky May
Phone: (815) 753-1594
Submit 7 copies of the response as defined in the specifications. The University reserves the right to accept or reject any and all responses or parts thereof. Proposal documents may be obtained by contacting the Purchasing Office. This procurement will be contingent on Board of Trustees approval. Illinois Department of Human Rights (IDHR) eligibility number is required on all proposals.

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

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