Vendor needs to provide senior managing underwriter and co–managing underwriter service. – To serve as senior managing bond underwriter and co–managing bond underwriter relating to the issuance or placement of municipal housing bonds and related financing structures and debt instruments for both single family and multifamily housing programs.• Senior underwriter– The development of competitive and creative bond financing structures and mortgage products for eligible borrowers that result in the lowest interest rates, the lowest issuance costs, the lowest negative arbitrage, the greatest amount of financing flexibility, and the maximum bond yield to mortgage rate spread.– Provide information regarding current or forecasted conditions in the municipal bond market and in the taxable fixed income securities markets.– Assume primary responsibility for the underwriting, marketing and management of bond issues in a timely manner, including the coordination of the sale and closing of bonds.– Serving as a point of contact with the rating agencies.– The ability to provide ongoing qualitative and quantitative maintenance and support services prior to and following a transaction.– Review and comment on bond trust indentures, program agreements, disclosure related documents and other legal documents associated with agency programs and bond offerings.– Assistance with disclosure related requirements.• Co–managing underwriters– Providing input on and acting as members of the management group on market transactions.– Participation in new bond offering activities directed by the senior underwriters.– Utilize the institutional and retail sales capacity of the firm to assist in implementing the marketing and distribution strategy for the bonds, particularly to enhance the instate sale of bonds to retail investors.
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