Services
Coordination of All Aspects of a Finance Transaction
The professionals at Concord are involved in the
project from the planning stages to the closing. Concord "quarterbacks" the
process to assure that the financing is completed in a manner which meets the client's
objectives on a timely and cost-effective basis.
back to top
Competitive Bond Sale Bidding and Internet Bidding
With competitive bidding on a sealed-bid basis, the
bonds are sold to the bidders submitting the best bid according to criteria stipulated in
the bid form as developed by Concord. Concord solicits bids from a universe of over 100
different national and regional bond firms. Competitive bidding can be conducted via the
Internet for real time results and analysis. For more information on selling bonds over the Internet
click here: Alternative
Forms of Issuing Debt (Best viewed using Internet Explorer 5.0 or above)
back to top
Competitive Bank Loan Bidding
When market conditions favor a bank loan, Concord solicits bids from local
and regional banks using a Request for Proposal written specifically to meet
the client's needs. Once the proposals are received, a comparison is
made between the costs of a bank loan to an underwritten bond issue.
Concord has successfully tapped into the commercial bank loan market for
approximately one-third of all its clients' financings.
back to top
Negotiated Bond Sale Services
A negotiated underwriting is that method of sale in
which Concord negotiates on behalf of its client with an underwriter selected by the
client. This negotiation relates to bond prices, interest rates, prepayment
provisions and other terms of the bonds. Official Statement preparation, determination of
document terms, credit enhancement, rating agency discussions, timing, and other services
are provided by Concord.
back to top
Refinancing Analysis
Using the latest technology, the professionals at
Concord prepare a detailed report that includes all of the options available to the client
when planning a refunding project.
back to top
Pennvest and Governmental Loan and Grant Financing
Pennvest is an independent agency of the Commonwealth
of Pennsylvania that offers 20-year, and sometimes 30-year loans to municipalities or
authorities, and some private entities, at interest rates below those which they would
receive on the open market (generally between one and five percent depending upon the
borrower's financial conditions). Concord evaluates Pennvest and other appropriate
governmental loan and grant sources in structuring a financing plan for its clients.
back to top
Financial Structuring
There are several options available to a client with
respect to the financing structure depending on the type of project and amount to be
borrowed. Some of these options include: a bond issue; bank loan; pooled loan programs;
Federal and State programs and derivative products.
back to top
Preparation of Bond Offering Documents
Concord compiles an official statement for each bond
issue. The official statement contains an overview of the project, financial information
of the client, and demographic information of the client.
back to top
Secondary Market
Disclosure Compliance
When engaged to do so, Concord assumes the responsibility to assure that its clients
comply with Federal Securities law post closing disclosure compliance.
To view an example of a report Continuing
Disclosure (Adobe Acrobat File)
back to top
Real Time Interest Rate Swap Monitoring
Concord has teamed up with DerivActiv, an independent online derivative management service, to provide our clients with real time monitoring, mark-to-market valuations and cash flow analysis. DerivActiv will also provide year end attestation letters that are required to be included in the issuer’s audits.
back to top
Act 1 Debt Service Exception Disclosure
Concord has developed a service to assist our school district clients with their filing of debt service exceptions. The Pennsylvania Department of Education (“PDE”) is requiring several large backup pieces of information such as executed bond Resolutions, Closing Statements and other documents to be emailed in pdf form annually to receive debt service exceptions. Concord can be retained to manage that process.
back to top
Rebate Computation Services
When engaged to do so, Concord will compute, and prepare a report regarding, arbitrage
rebate that may be owed to the Internal Revenue Service.
back to top
Investment of Bond Proceeds
Concord assists its clients with the investment of bond
proceeds to assure the compliance with law, safety of investments and to assure that the
return to the client is maximized.
back to top
Specialized Services to Meet Client Objectives
Concord tailors its services to meet the client's needs and objectives.
back to top
About Us Services
Resumes Clients
Recent Transactions
Topic of the Month Links
Contact Us Home
Info@ConcordPublicFinance.com
Please send documents to: Documents@ConcordPublicFinance.com |
