RFP 1-13-C196: Letter of Credit Services

PROJECT OVERVIEW
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RFP Issue Date: October 17, 2013
Deadline for Proposals: 10:00 AM (Eastern), November 1, 2013
Pre-Proposal Conference: None
Question Submission: The deadline for submitting questions has passed.
No further questions will be accepted.
Bond Requirements: None
Project Summary:
The Metropolitan Washington Airports Authority is seeking proposals from financial institutions interested in providing (a) a Letter of Credit to support its Airport System Revenue Commercial Paper Notes, Series One or Series Two or (b) a revolving direct funded loan/line of indexed notes with drawdown and prepayment flexibility similar to a traditional commercial paper program. The issuance of up to $250 million of the Series One CP Notes is currently authorized and at the current time there are no Series One CP Notes outstanding; the issuance of up to $21 million of the Series Two CP Notes is currently authorized and at the current time there are $21 million of the Series Two CP Notes outstanding. The CP Notes are structured as Short Term/Demand Obligations under the Indenture and secured by certain pledged funds including Net Revenues on parity with the $5.0 billion of Airports Authority’s outstanding Airport System Revenue Bonds.
LDBE Requirement:
None
Amendments Issued:
None
Last Updated October 24, 2013