ESBD_383483_1732665001423_Attachment A - Public Improvement District (PID) Bond Underwriting Questionnaire.pdf
PDF 122 KB Posted
- Solicitation number
- RFQ2025-Q03
- Issued by
- Hidalgo County, Texas
About this file
This is an RFQ questionnaire attachment from Hays County, Texas seeking bond underwriting services for Public Improvement District (PID) financing. The document contains nine detailed questions that prospective underwriting firms must answer, focusing on their municipal sales, trading, and underwriting capabilities specifically for Texas PID issuers. Respondents must demonstrate their experience from January 1, 2021 through December 31, 2023, provide information about their capital positions, describe their institutional and retail distribution capabilities, and supply three Texas client references comparable to the County.
The questionnaire requires firms to detail their transaction history as both senior manager and co-manager for Texas PID financings, including the number of transactions and par amounts for 2021-2023. Firms must disclose any disciplinary actions or investigations by regulatory authorities (MSRB, SEC, FINRA) since January 1, 2021, and describe their approach to underwriting balances. The document includes a table for firms to report their underwriting experience metrics and emphasizes the importance of demonstrating creative ability, knowledge of Texas municipal financings, understanding of market conditions, and analytical capabilities through specific transaction examples.
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RFQ 2025-Q03: Bond Underwriting Services - Public Improvement District (PID) Attachment A: Questionnaire
1. Describe your firm’s municipal sales, trading and underwriting capabilities for Texas issuers, including details of your firm’s institutional and/or retail distribution capabilities as it specifically relates to PIDs. Include the number of municipal bond underwriters, institutional sales force and retail sales force. Provide the location of your firm’s public finance headquarters, Texas public finance offices and the location of the primary underwriting desk for the County’s financing programs.
2. Provide your firm’s current total and net capital positions for the most recent period available. Also provide a statement of how much of the firm’s capital is typically utilized to support municipal sales, trading and underwriting engagements in total and in Texas. Describe the internal approval process required, if any, for your firm to commit its capital to underwrite municipal securities.
3. Provide any prior experience your firm/public finance bankers have had underwriting the County’s bonds and/or submitting financing ideas or updates to the County.
4. Provide three Texas client references comparable to the County for which your firm served as underwriter for PIDs since January 1, 2021. Provide name, title, address, phone number and email address for each reference.
Additionally, indicate your firm’s role in the transaction (i.e. senior manager, co-manager, etc.).
5. Summarize your firm’s underwriting experience as senior manager or co-manager on Texas PID financings from January 1, 2021, through December 31, 2023, for all Texas transactions and for only Texas county transactions.
Number of Transactions Par Amount 2021 2022 2023 2021 2022 2023
Senior Manager – PID Texas Issues
Co-Manager – PID Texas Issues
6. Provide your firm’s approach to underwriting balances at the end of an underwriting period as it relates to PIDs.
7. Describe three Texas transactions in which your firm served as underwriter and successfully demonstrated the following: (i) creative ability, (ii) knowledge and understanding of the Texas municipal financings, (iii) knowledge of municipal market conditions and trends, and (iv) analytical capabilities. Emphasis should be placed on issuers similar to the County.
8. Describe any disciplinary action, investigation or litigation taken against your firm by any federal or state regulatory authorities, including the Municipal Securities Rulemaking Board (“MSRB”), the Securities and Exchange Commission (“SEC”) and the Financial Industry Regulatory Authority (“FINRA”), relating to your firm’s municipal activities since January 1, 2021. Also describe if your firm has been named in a lawsuit with a municipal issuer during this time. A general response will be deemed non-responsive.
9. Describe any other factors pertaining to your firm’s ability to serve as an underwriter that may be relevant to this solicitation.
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