Bonds

RFQs and RFP

Open for Bids

Local Co-Managing Underwriter Request for Proposal

Open for Bids

Local Co-Managing Underwriter Request for Proposal

Bids Due
04/17/2025 at 2:00 PM ET
Sector
State / Province
State
Kentucky
Listing Date
03/27/2025
Deadline for Questions
04/03/2025 at 2:00 PM ET
Contract Start Date
07/01/2025

Project Description

The Office of Financial Management (“OFM”) of the Finance and Administration Cabinet of the Commonwealth of Kentucky (the “Cabinet”), on behalf of the all bond issuing agencies, is requesting proposals from prequalified firms to provide local co-managing underwriting services for negotiated debt issuances during the engagement period ending June 30, 2026.

All timely respondents to this RFP, which have not experienced a material change in their responses to the Request for Qualifications issued by OFM on January 7, 2025, will become a local co-managing underwriter for the designated period. It is the intent of OFM to establish the priority of firms to be selected for each bond issuance pursuant to the final ranking of the Selection Committee. Firms will be scored and ranked based upon their response to this RFP. OFM reserves the right to extend the engagement and corresponding rankings for one additional fiscal year through June 30, 2027.

Submission Requirements

  1. Only firms that have been prequalified by the Office of Financial Management for Fiscal Year 2026 and Fiscal Year 2027 may submit a response to this Request for Proposal.

  2. All questions concerning this RFP must be submitted by email (debt.ofm@ky.gov) by 2:00 PM ET on Thursday, April 3, 2025.

  3. Only electronic submissions to debt.ofm@ky.gov will be accepted and must be received no later than 2:00 PM ET on Thursday, April 17, 2025.

  4. Proposals received after the deadline will NOT be accepted.

  5. Submission must not exceed 40 pages and recommended to be under 10 MB.

  6. Confirmation of RFP receipt of submission is recommended by the submitter with a separate email.

  7. Failure to comply with the requirements of the RFP may result in the firm’s response not being evaluated by the Selection Committee.