ESBD_383484_1732665156933_Attachment B - General Obligation Bond Underwriting Questions.pdf

RFQ 2025-Q04 Bond Underwriting Services – General Obligation Bonds Attachment B: General Obligation Bond Underwriting Questions

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. 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 four Texas client references comparable to the County for which your firm served as underwriter 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 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 – All Texas Issues

Co-Manager – All Texas Issues

Senior Manager – Texas Counties Only

Co-Manager – Texas Counties Only

6. Provide at least three examples since January 1, 2021, where your firm committed capital to purchase unsold balances at the end of an underwriting period. Only include the balances your firm underwrote and not the entire underwriting syndicate. For each example, provide specific detail such as issuer name, issue, date, amount of capital committed and your firm’s role.

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.