ATTACHMENT 1A - Bid Form (8-4-26).xlsx

This is a bid form for the Commonwealth of Virginia Treasury Board's Energy Master Lease Agreement financing opportunity (RFP# BPM093807). The document establishes the bidding framework for financing energy projects through a master lease structure, with bids due on September 15, 2026, at 10:00 AM EST. The bid form requests proposals for interest rate swaps based on ICE Benchmark Administration Market rates, with lease term options of either 12 years or 15 years. Payment frequency options include annual, semi-annual, and monthly payment structures, with certain payment arrangements allowing for commencement either six months or twelve months from the lease inception date.

Bidders are required to submit interest rate spreads and taxable rates for each lease term and payment frequency combination offered. The bid form includes a separate line item for bidders to specify any additional lease repayment premium charges (in basis points) for monthly and semi-annual payment options; if left blank, this premium defaults to zero basis points. For 12-year leases, the bid spread is benchmarked against the 7-year ICE swap rate, while 15-year leases reference the 10-year ICE swap rate. The form accommodates both tax-exempt and taxable financing structures, allowing Virginia to evaluate proposals across different financing scenarios for optimal project financing under the master lease agreement.