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Public Higher Education Bulletin

 
University of Illinois System
RFP #ALS285

Request for Proposal: Underwriting Services

Renewal Info
Published Thursday June 4, 2020
Renewal entered into with:
Vendor: Pipper Jaffray & Co.
Amount: An estimated $0
Renewal: 1st of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Comments: Note: The name is Piper not Pipper as posted.
Piper Jaffray Co. is now Piper Sandler Co.
The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.

The University award process may be delayed up to thirty days as this award goes through a state approval process.
Renewal Info
Published Wednesday May 27, 2020
Renewal entered into with:
Vendor: Academy Securities
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Baird
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Bank of America Merrill Lynch
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Barclays Capital
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Blaylock Van, LLC
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Cabrera Capital Markets LLC
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Citi Global Markets Inc.
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: George K. Baum & Company
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Goldman Sachs & Co LLC
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Hilltop Securities
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Huntington Investment Company
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Hutchinson, Shockey, Erley & Co.
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: J.P. Morgan
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Loop Capital Markets
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Mesirow Financial, Inc.
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Morgan Stanley & Co. LLC
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: North South Capital, LLC
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Ramirez & Company, Inc.
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Raymond James
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: RBC Capital Markets
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Siebert Cisneros Shank & Co., LLC
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Stifel
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: The Williams Capital Group
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: UBS Financial Services, Inc.
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Valdes & Moreno, Inc.
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
Vendor: Wells Fargo Securities
Amount: An estimated $0
Renewal: 1 of 1, 7/1/2020 through 6/30/2027
Pricing Changes: 
None
Service/Product Changes: 
None
Potential Future Renewals: None
The buyer for this procurement is now Edwin Mattox, (312) 996-2054.
The Chief Procurement Officer for this procurement is now Ben Bagby.
The State Purchasing Officer for this procurement is now Lee Saulter.
The University has taken into account 30 ILCS 575/8i of the BEP Act in conducting this renewal.

The University award process may be delayed up to thirty days as this award goes through a state approval process.
Award Info Published Thursday November 16, 2017
Awarded to:
Vendor: Bank of America Merrill Lynch, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Barclays Capital, New York, NY
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Citi Global Markets Inc., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Goldman Sachs & Co LLC, New York, NY
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: J.P. Morgan, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Loop Capital Markets, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Morgan Stanley & Co. LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Pipper Jaffray & Co., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: RBC Capital Markets, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Siebert Cisneros Shank & Co., LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Stifel, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Wells Fargo Securities, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Academy Securities, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Backstrom McCarley Berry & Co., LLC, San Francisco, CA
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Baird, Naperville, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Blaylock Van, LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Cabrera Capital Markets LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: George K. Baum & Company, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Hilltop Securities, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Huntington Investment Company, Columbus, OH
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Hutchinson, Shockey, Erley & Co., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Mesirow Financial, Inc., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: North South Capital, LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Ramirez & Company, Inc., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Raymond James, Memphis, TN
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: UBS Financial Services, Inc., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Valdes & Moreno, Inc., Kansas City, KS
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: The Williams Capital Group, New York, NY
Amount: An estimated $0
Terms:
An estimated start date of 11/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Number of Unsuccessful, Responsive Respondents: 0
Comments:
Dollar amount will be determined based on the amount of bonds.

University will establish two levels of underwriters: (1) Senior Managers/Book Runners/Co-Managers and (2) Co-Managers only. These underwriters are expected to buy any bonds not sold during the underwriting process.

University will select Senior Managers or Co-Managers for each transaction based on the specific manager's qualifications relative to the size and complexity of the contemplated issuance, and participation in previous competitive sales, formal offers of credit and other value-added services.

This award corrects and replaces the award posted below on November 16, 2017.
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Award Info Published Thursday November 16, 2017
Awarded to:
Vendor: Bank of America Merrill Lynch, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Barclays Capital, New York, NY
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Citi Global Markets Inc., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Goldman Sachs & Co LLC, New York, NY
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: J.P. Morgan, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Loop Capital Markets, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Morgan Stanley & Co. LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/15/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Pipper Jaffray & Co., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: RBC Capital Markets, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Siebert Cisneros Shank & Co., LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Stifel, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Wells Fargo Securities, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Academy Securities, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Backstrom McCarley Berry & Co., LLC, San Francisco, CA
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Baird, Naperville, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Blaylock Van, LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: George K. Baum & Company, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Hilltop Securities, Chicago, IL
Amount: An estimated $0
Terms:  One-time transaction
Vendor: Huntington Investment Company, Columbus, OH
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Hutchinson, Shockey, Erley & Co., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Mesirow Financial, Inc., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: North South Capital, LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Ramirez & Company, Inc., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Raymond James, Memphis, TN
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: UBS Financial Services, Inc., Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Valdes & Moreno, Inc., Kansas City, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: The Williams Capital Group, New York, NY
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Vendor: Cabrera Capital Markets LLC, Chicago, IL
Amount: An estimated $0
Terms:
An estimated start date of 10/16/2017 through 6/30/2020
Renewals:
1 seven-year
Potential Future Renewals: $0
Number of Unsuccessful, Responsive Respondents: 0
Comments:
Dollar amount will be determined based on the amount of bonds.

University will establish two levels of underwriters: (1) Senior Managers/Book Runners/Co-Managers and (2) Co-Managers only. These underwriters are expected to buy any bonds not sold during the underwriting process.

University will select Senior Managers or Co-Managers for each transaction based on the specific manager’s qualifications relative to the size and complexity of the contemplated issuance, and participation in previous competitive sales, formal offers of credit and other value-added services.
The State Purchasing Officer for this procurement is now Lee Saulter.
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 Thursday September 7, 2017
The answers to vendor questions are provided in the attached addendum.
First published Tuesday, August 22, 2017
Sealed proposals will be accepted below until 4:00 PM, Thursday September 14, 2017:
At the following address:
Purchasing Division (M/C 560)
809 South Marshfield Avenue
Chicago, IL 60612-7203
The University of Illinois is seeking to qualify a pool of financial institutions to act as underwriters for its bond issues and other capital markets and debt management initiatives. It is anticipated that multiple awards will result from this RFP. The contracts will have an initial term of three years.

For instructions on how to obtain a comprehensive purchase description, disclosure or contract forms, contact:
Arlene Shorter
University of Illinois at Chicago
Purchasing Division (M/C 560)
809 South Marshfield Avenue
Chicago, IL 60612-7203
Phone: (312) 413-4068
FAX: (312) 996-3135
State Purchasing Officer - Lee Saulter
Submit 2 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 may be contingent on Board of Trustees approval.
Illinois Department of Human Rights (IDHR) eligibility number is required on all proposals, if applicable.
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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To obtain documents, log on:
Specification Documents
  • ALS285.pdf (522 KB)
  • ALS285Addendum1.pdf (115 KB)
Waiver Document
  • ALS285BEP-NoGoal.pdf (278 KB)