for the establishment of a standby bond purchase agreement.
The Board of Trustees of the University of Illinois plans to enter into a standby bond purchase agreement to obtain liquidity support with a provider for variable rate demand Auxiliary Facilities System Revenue Bonds, Series 2005B. The Board will issue the Bonds pursuant to 110ILCS 405/1 et seq. The bonds will be in DTC book-entry form. The term of the agreement is subject to negotiation.Banks may respond to this Request for Proposals in their individual capacity or as part of a group. Banks with short-term ratings of at least P-1/A-1 and long-term ratings of at least A1/A+ by Moody's and Standard & Poor's respectively, will be considered to act as fronting banks. Banks with ratings lower than those stipulated above may submit proposals to act as participating banks. Although proposals from groups of banks proposing several, but not joint liability will be considered, it is the University's preference that a single bank lead the entire liquidity facility. That bank would then be permitted to participate out the transaction, as it deemed necessary.