Treasury seeks Proposals from qualified firms, registered with the SEC, the Financial Industry Regulatory Authority, Inc. (FINRA) or the Municipal Securities Rulemaking Board (MSRB), to serve as Senior Manager Underwriters, Co-Senior Manager Underwriters, Co-Manager Underwriters, and Selling Group Members in connection with the proposed future issuance of bonds by the State of Oregon and its agencies. Treasury expects to select multiple firms that are qualified to serve as underwriter to be included on Treasury’s Qualified Underwriter List. Pursuant to ORS 286A.025(7), Treasury may assign, for each transaction, senior, co-senior and co-managers (“syndicate”) from the pool of underwriters selected, without further procurement. Treasury reserves the right to assign any qualified manager to any position in the syndicate including “book-running” senior manager, joint senior manager, co-senior manager or co-manager and may assign multiple firms to serve in each underwriting category and to the extent desired, form a selling group solely at its discretion. Further, Treasury may elevate firms within the underwriter pool based on performance within the syndicate solely at its discretion. The underwriters selected through this process should be prepared to cooperate fully with Treasury, Department of Administrative Services (DAS), Oregon Department of Transportation (ODOT), Oregon Business Development Department (OBDD or Business Oregon) and other State of Oregon officials and departments throughout the bond issuance process.
