Home ContractsBond Treasury Advisor

Bond Treasury Advisor

WAC ID:594454

Private SectorAward noticeClosed32014L0024

Source:	Find a Tender Service (FTS)
Notice Type:	Award notice
Buyer:	ORBIT GROUP LIMITED
Main Category:	Services
Procurement Method:	Award procedure without prior publication of a call for competition
Method Rationale:	Why direct award: We are directly awarding this work to Savills, our existing Treasury Advisors, for the following reasons: • Savills already have a deep understanding of Orbit's treasury strategy, financial position, risk appetite and governance, having supported as Treasury Advisors under the retainer. • Continuity of advisor is critical for a time sensitive and market dependent transaction, reducing delivery risk and avoiding duplication of work and cost. • The proposed fee represents value for money, with Savills offering a reduced rate compared to market norms for a bond issuance, recognising that this is under an already established EMTN programme, reducing from 10bps to 3bps.

Award outcome

Awarded to

Savills (UK) LimitedGB-COH-02605138

Award status:

Active

Contracting Authority

Organisation

ORBIT GROUP LIMITED

Garden Court, Harry Weston Road, Binley Business Park, Binley, Coventry, CV32SU

Description

We are seeking specialist Treasury Advisory support to provide independent advice and project support for a potential bond issuance under our EMTN Programme. This includes strategic advice on timing, structure and size of the bond, support with appointing and managing bookrunners, investor presentation and marketing support, pricing and execution benchmarking, hedging advice, and overall coordination of the issuance process through to completion.

CPV Classifications3 codes — click to expand

66000000Financial and insurance services

79311410Economic research services

79400000Business services: law, marketing, consulting, recruitment, printing and security

Links & Documents

Original notice

View the published notice on Find a Tender Service (FTS).

View original notice

About ORBIT GROUP LIMITED

Published contracts in the last 12 months

113

total contracts

£2496.6m

total value

£83,219,903

average contract size

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WAC Reference

WAC-594454

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