New Jersey plans to issue requests for proposals for banking services in every negotiated deal going forward rather than picking banks from its current pool of underwriters.

The state’s Treasury Department last week released an RFP for investment banking services for an upcoming New Jersey Economic Development Authority school facilities construction bond transaction. The document stated the department’s new strategy of seeking underwriting services for every negotiated borrowing.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.