Lead Sales Advisor for the Income Contingent Repayment Student Loan Monetisation Programme
key details
| Status | complete |
|---|---|
| Category (CPV) | 80000000 |
| Deadline | 10 Jan 2018 |
| Contract start | 13 Mar 2018 |
| Contract end | 5 Jun 2021 |
| Procedure | selective |
| SME suitable | No |
| OCID | ocds-b5fd17-45f0183c-e5d2-4bfc-8cc8-3f01df7d629e |
Award
| Supplier | Value | Date | Status |
|---|---|---|---|
| Bank of America Merrill Lynch | £1,950,000 | 1 Mar 2018 | active |
description
The Department for Education ("DfE") has commenced a programme to monetise the English Pre-Browne Income Contingent Repayment ("ICR") loan book. DfE launched the first sale of the loan book in February 2017. The process was subsequently paused following the announcement of a General Election in April 2017. This first sale was resumed on October 31st 2017 and is expected to complete by the end of 2017. Work is now commencing on a second sale targeted to complete in the second half of 2018 as the wider monetisation programme continues.
This ITT is for a role critical to the current monetisation programme, starting with the execution of a second loan sale transaction: The Lead Sales Advisor. The role primarily involves: Leading on advice, transaction structuring, project management and transaction execution; acting as Arranger and; (alongside Joint Lead Managers) supporting the distribution effort in accordance with market best practice
notice history
1 notice published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 1 Aug 2019 | Award update (awardUpdate) | · | 71b963a3-8c95-4190-9b12-b9e5417b373c-305453 |
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source
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