Citizens Property Insurance Corp., the largest property insurer in Florida, released a request for proposals Tuesday from firms interested in being the high-profile credit's senior managing or co-managing bond underwriter.
The state-run, nonprofit agency anticipates creating a pool for potential financings over the next two years, according to the RFP.
Prospective firms are being asked to include information about their experience selling taxable, tax-exempt, and variable-rate bonds. Proposals are due Sept. 3.
The RFP and related documents are posted on Citizens' Web site at www.citizensfla.com/about/purchasing-solicitations.cfm.
Citizens sold $1.02 billion of debt for liquidity in its high-risk account in the first half of 2009, the largest single deal in the Southeast. Those bonds were rated A2 by Moody's Investors Service and A-plus by Standard & Poor's.
