RFQs and RFP

The firm engaged to perform financial advisory services to the universities will work closely with OFM and a bond counsel firm selected through a similar process. KRS 42.420 requires state universities to submit all proposed debt financings to OFM for review and approval prior to issuance. OFM is active in this role and serves as an additional financial advisor to the universities. All debt issuances will be completed pursuant to KRS 424.360 regarding competitive public sales. The engagement will include all new transactions, bond refinancings, and other issuance-related financial transactions, including advice relating to any bond anticipation note program(s), debt service and other reserve funds.

The selected firm, if engaged to perform financial advisory services for the state universities, will be responsible for duties that include, but are not limited to, providing structuring; debt management and pre-sale marketing advice; advising with regard to investment of debt service reserve funds (new or refunded bonds); competitively bidding for verification agent and printing services for the printing of official statements and bond forms; coordinating the sale and closing of the securities with the issuer, the trustee, and the Commonwealth; serving as the point of contact with the rating agencies and insurers
for all issuances, and overseeing the entire bond issuance.