CHFFA_04-15_Advertisement.pdf

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Financial Advisor for Bond Sale and Related Services
Solicitation number
0000000776
Issued by
California

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This is a Request for Proposal (RFP) notice from the California Health Facilities Financing Authority (CHFFA) seeking three financial advisory firms to assist with tax-exempt bond issuance and equipment financings for nonprofit health facilities. The selected firms will provide services including review of underwriter spread components, costs of issuance items, financing structure evaluation, rate scale preparation, participation in pricing calls, securities pricing review, recommendations on underwriting offers, post-sale evaluations, and assistance with bond allocation and allotments. The contract period is two years with a one-year renewal option, starting July 1, 2016. Proposals are due by April 19, 2016 at 4:00 p.m. at CHFFA's Sacramento office.

The RFP will be available on CHFFA's website or by requesting a hard copy from the Operations Manager. The scope includes providing analysis and advice on tax-exempt debt markets, the non-profit healthcare sector, and other financial matters on an as-needed basis. Special projects requiring financial advisory services may also be assigned to any or all selected firms. No specific pricing terms, set-asides, or funding amounts are mentioned in this notice.

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The California Health Facilities Financing Authority (CHFFA) REQUEST FOR PROPOSAL –Secondary

CHFFA 04-15 – Financial Advisor for

Bond Sale and Related Services

Notice to Prospective Proposers

March 15, 2016

The California Health Facilities Financing Authority (CHFFA) is requesting proposals for financial advisory firms (the “Firm(s)”) to assist in tax-exempt bond issuance and equipment financings for non-profit health facilities. As described further in the Request for Proposal (RFP), CHFFA anticipates entering into separate contracts with three financial advisory firms. The Firm(s) selected will provide assistance in the review of bond sales and related services, including without limitation the review of proposed underwriter spread components, the review of estimated costs of issuance items, the evaluation of the proposed structure of the financing, the preparation of an independent scale of rates for the agreed upon structure, the participation in pre-pricing and pricing calls, the review of the pricing of securities in escrow funds, the making of recommendations regarding acceptance of the underwriting offer, the preparation of post-sale evaluation of the bond sale transaction, the review of refinancing transactions and the pricing of securities in escrow funds, and the provision of assistance in reviewing the proposed allocation and allotments of bonds. The Firm(s) will also assist CHFFA by providing analysis and advice on issues or questions related to tax-exempt debt markets, the non-profit healthcare sector, or any other related financial matter on an “as-needed” basis. In addition, special projects requiring financial advisory services may occur from time to time on a variety of subjects and any or all of the Firm(s) selected may be requested to assist CHFFA on an as-needed basis.

CHFFA anticipates a July 1, 2016 contract start date and the Firm(s) must be available at that time to assume services. CHFFA anticipates entering into three separate two-year contract with a one-year option to renew for the described services.

A copy of the RFP may be found on the CHFFA website: http://www.treasurer.ca.gov/CHFFA or you may request a hard copy by contacting:

Martha Maldonado

Operations Manager California Health Facilities Financing Authority

915 Capitol Mall, Room 590 Sacramento, CA 95814

(916) 653-2799

Bid Submittal Deadline: April 19, 2016 at 4:00 p.m. at the address above.

Martha Maldonado
Operations Manager

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