REQUEST
FOR INFORMATION TO ESTABLISH
FISCAL
YEAR 2009 LIST OF PRE-QUALIFIED
INVESTMENT
BANKING AND UNDERWRITING FIRMS
The Department of Budget
and Finance is in the process of establishing a Pre-Qualified List of Public
Finance Bond Underwriters and Investment Bankers for the June 30, 2009 Fiscal
Year pursuant to Section 103D-304, Hawaii Revised Statutes. Firms interested in qualifying to be on the
State s Pre-Qualified List are being asked to submit one original and four
copies of a letter of Expression of Interest and a Statement of Qualifications
as more fully explained below. Firms on
the State s Pre-Qualified List for the June 30, 2008 Fiscal Year must submit a
new Expression of Interest and Statement of Qualifications for the June 30,
2009 fiscal year list.
The Expression of
Interest letter must indicate, at minimum, the following:
1. The
capacity, e.g., Sole Manager, Senior Manager, Co-Senior Manager, and/or
Co-Manager, in which the firm is able, willing and qualified to serve on a bond
transaction. If you indicate that your
firm is willing to accept appointments only as Sole Manager, your firm will not
be considered for co-manager appointments.
2. The
type of public debt financing vehicles your firm is staffed and qualified to
handle, e.g., general obligation bonds, single family mortgage and multi-family
revenue bonds, transportation revenue bonds (distinguish between airports,
harbors, and highways), health system revenue bonds, private activity revenue
bonds, certificates of participation, and municipal leases. Your firm will not be considered for
financings that you do not certify you are qualified to handle.
3. That
your firm is willing and authorized to accept all terms and conditions of the
State of Hawaii Contract
for Professional Services, a form of which is attached, including the indemnity
provision in the Special Conditions sections.
The Statement of
Qualifications must provide, at minimum, the information requested below. Please note that the firm s marketing
brochure does not meet the requirement for a Statement of Qualifications.
A. Information
about the firm: Official name of the
firm; the date and state in which the firm is incorporated; the principal place
of business of the firm; the number and location of all offices of the firm;
and the average number of employees employed by the firm for the past five
years.
B. Specify whether the firm is doing business
in the State of Hawaii. If the response
is affirmative, include the number of locations by street address, number of
employees, and numbers of years doing business in Hawaii.
C. The
names and telephone numbers of at least three clients who may be contacted, two
of whom services were rendered by you during the preceding year.
D. Resumes
of key personnel who would be involved in a bond financing. Indicate in detail each person s professional
underwriting experience, e.g., area of expertise, the number and amount of
financing deals in which the person was involved and the person s official
role.
Of the key personnel above, indicate the person
who will serve as the contact person on a transaction and provide that person s
direct email address, phone number, and fax number. The contact person is expected to be directly
available throughout all aspects of the transaction from kick-off to
closing. The contact is expected to
attend conference calls, rating agency presentations, and investor meetings, as
required.
E. Industry
rankings as of December 31, 2005, 2006, 2007. Provide firm rankings for the type of
financings in No. 2 above in the Expression of Interest letter. Identify the capacity in which firm is being ranked,
e.g., Sole Manager, Co-Manager, etc, and identify the service you are using,
e.g., Securities Data Company, Inc.
F. National
Marketing Program. Describe your institutional/retail and national/regional
marketing programs.
G. Explain
your financing expertise, e.g., the number and diversity of financings handled
by the firm, unique products or services offered, areas of specialties, etc.
H. Identify
bond transactions underwritten for the State of Hawaii and any of its counties,
providing the sale date, the issuer, the issue, the par amount issued, the
firm s role, e.g., sole-, lead-, co-manager, etc.
I. Indicate the firm s total capital,
equity capital, net capital and excess net capital as of December 31, 2003, 2004, 2005, 2006, and 2007.
J. A
summary of the ten most recent tax-exempt negotiated bond financings handled by
the firm, providing the sale date, the issuer, the issue, the par amount
issued, the rating(s), the underwriting spread, the true interest cost, and the
firm s role.
K. Federal
Tax I.D. Number and Hawaii General Excise Tax I. D. Number. It is anticipated that selected underwriters
will perform services in the State of Hawaii and that a Hawaii General Excise
Tax I. D. Number will be required.
L. Litigation. Disclose any lawsuits or administrative
actions taken against you by the Federal Government, a state, a municipality,
or any other entity during the past three years related to public finance bond underwriting and investment banking. Disclose the nature and status of the action. If none, so indicate.
M. Governmental
Compliance. Disclose if your firm has
been involved in any suspension or disbarment proceedings for award of
contracts by the Federal Government, a state, or a municipality. If yes,
provide the resolution of the findings.
If none, so indicate.
The firm may submit other
information that it believes will be relevant to qualify the firm for the State
of Hawaii s
Pre-Qualified List of Public Finance Bond Underwriters and Bankers for the June
30, 2009 fiscal year. Expressions of
Interest and Statements of Qualification must be received by 4:00 pm., HST, May
23, 2008, at the following address:
Ms. Georgina K. Kawamura,
Director of Finance
Department of Budget and Finance
250 South Hotel Street, Room 302
Honolulu,
Hawaii 96813
Facsimile transmissions
of the Expression of Interest and Statement of Qualifications will not be
accepted. The State of Hawaii
accepts no financial responsibility for costs incurred by firms responding to
this request. Any and all material
submitted to the State in response to this letter will become the property of
the State of Hawaii.
Attachment
PSN: April 18, 2008
