RFQ 50433 - Credit and/or Liquidity Facilities and/or Making a Direct Purchase of Bonds

Background

The Airport is issuing this Solicitation to establish a pool of pre-qualified financial institutions (“Providers”) to support the Airport Commission’s (“Commission”) financing needs. Specifically, the Commission seeks Providers to:

1. Offer credit, liquidity, or alternative credit facilities (collectively, “Credit Facilities”) to support its variable rate bonds and commercial paper notes; and/or
2. Purchase bonds and notes directly.

The purpose of this Solicitation is to determine your interest in being pre-qualified for inclusion in the Provider pool and to confirm your firm meets the minimum qualifications.

Providers are not required to submit proposed terms or pricing for any specific Facility or Bonds at the time of pre-qualification. Inclusion in the Pool does not imply a commitment by the Commission to request or accept proposals, nor to execute any related transactions. Rather, it enables the Commission to solicit further proposals and negotiate terms as needed.

Providers’ credit ratings will be subject to re-confirmation at the time of any proposal to ensure continued compliance with the Commission’s minimum rating requirements. Preference may be given to firms with the highest short-term and long-term credit ratings.

All Credit Facilities and direct purchases, and the Providers selected to deliver them, will be subject to Commission approval.

The Commission reserves the right to pursue Credit Facilities or direct purchases through other means, including individual negotiations or separate competitive solicitations. Additionally, other City departments may access the Pool to solicit Providers for other types of bond issuances.

Project Details

• Reference ID: 50433
• Department: Finance
• Department Head: Ronda Chu (Chief Financial Officer)

Important Dates

• Questions Due: 2026-08-22T00:00:00.000Z

Evaluation Criteria

• Introduction / Project Summary —

  The Airport seeks to pre‑qualify commercial banks and other financial institutions (“Proposers”) interested in (1) providing credit and/or liquidity facilities (“Facilities”) to support the Commission’s issuance of San Francisco International Airport bonds and commercial paper notes (“Bonds”), and/or (2) directly purchasing Bonds. This request is intended to determine your interest in being considered for inclusion in the pool of qualified Proposers and to obtain information regarding your current ratings. Airport shall evaluate Proposals to create a Prequalified Pool of Proposers (“Prequalified Pool”). Proposers prequalified under this RFQ are not guaranteed a contract. The City may use the Prequalified Pool, at its sole and absolute discretion, on an as-needed basis. Proposers meeting the Minimum Qualifications shall be added to the Prequalified Pool and eligible for potential contract negotiations (“Resulting Contract”) with the City, on an as-needed basis. A Prequalified Pool list is valid for 2 years, but may be extended for up to 2 additional years if re-opened by City in accordance with Section 21.4 of the San Francisco Administrative Code. Submissions may be accepted and evaluated on a rolling basis throughout the life of the Pool. However, to maximize eligibility for upcoming opportunities, Providers are strongly encouraged to respond by the initial deadline indicated in the Timeline of this solicitation. Providers submitting after the initial deadline must still be approved by the Commission before being added to the Pool and may experience delays that limit their ability to participate in time-sensitive opportunities. While ongoing submissions may be considered, no new applications will be accepted within two (2) months of the Pool’s final expiration date. Once the Pool is established, the Commission may contact Pre-Qualified Providers as needed to assess their interest and capacity to offer Credit Facilities or make direct purchases of specific proposed Bonds. Engagements will be negotiated on mutually acceptable terms and conditions. Pre-qualification does not guarantee a contract.

   

  The Full Request for Qualifications (RFQ) and all related documents may be downloaded from the Attachments.

• Contact Information —

  Contract Administrator:

  Matthew Lau

  Principal Admin Analyst

  matthew.j.lau@flysfo.com

  (650) 821-2807

• Information and Timeline —

  Request for Qualifications (RFQ) Information:

  Request for Qualifications (RFQ):			50433
  Title:			RFQ 50433 - Credit and/or Liquidity Facilities and/or Making a Direct Purchase of Bonds
  Initial Proposal Due Date and Time:			Friday, August 21, 20265:00 pm
  Final Proposal Due Date and Time:			Wednesday, May 31, 2028, 5:00 pm

   

Submission Requirements

• Minimum Qualifications (MQ) # 1 (required) —

  Proposers must submit a written acknowledgment by answering the question, via the Airport e-Procurement Portal or email to the Contract Administrator identified on the cover page of this Solicitation, acknowledging that each Minimum Qualification (MQ) is met. To be considered for inclusion in the Prequalified Pool, both MQs must be satisfied.

  MQ 1: Current long-term credit ratings from a minimum of two (2) nationally recognized credit rating agencies must be at least A2 (Moody’s), A (S&P), A (Fitch), or an equivalent rating.

• Minimum Qualifications (MQ) # 2 (required) —

  Proposers must submit a written acknowledgment by answering the question, via the Airport e-Procurement Portal or email to the Contract Administrator identified on the cover page of this Solicitation, acknowledging that each Minimum Qualification (MQ) is met. To be considered for inclusion in the Prequalified Pool, both MQs must be satisfied.

  MQ 2: Current short-term credit ratings from a minimum of two (2) nationally recognized credit rating agencies must be at least P-1 (Moody’s), A-1 (S&P), F1 (Fitch), or an equivalent rating. 

• Written Proposal (required) —

  Upload One (1) PDF file of the Written Proposal Document.

  Please name the file using the following format:

  (Proposer Name) Proposal, Request for Qualifications (RFQ) No. 50433

• Price Proposal (required) —

  Upload One (1) PDF file of the Price Proposal.

  Please name the file using the following format:

  (Proposer Name) Price Proposal, Request for Qualifications (RFQ) No. 50433

• First Source Program Projection Form (required) —

  Upload One (1) PDF file of the First Source Program Projection Form.

  Please name the file using the following format:

  (Proposer Name) First Source Program Form, Request for Qualifications (RFQ) No. 50433

• CMD Forms (required) —

  Upload One (1) PDF file of the Contract Monitoring Division (CMD) Forms.

  Please name the file using the following format:

  (Proposer Name) CMD Forms, Request for Qualifications (RFQ) No. 50433

• RFP/Q Information
• Is this a RFP or a RFQ? (required)
• Summary Scope of Work (required) —

  Enter a brief and high-level description of the scope of work. 

  Examples:

  • The Airport is seeking qualified Proposers to provide Proposals for as-needed aviation security project support and consulting services.
  • The Airport is seeking to establish a pool of pre-qualified contractors to provide services for Airport conveyances.

   

• Contract Term (required) —

  Enter the anticipated contract term.

  Example language:

  • Original term of five years, with no options to extend.
  • Original term of three years, with two option to extend.
  • Original term of two year, with no options to extend.
• Proposer's Submission Requirements (required) —

  Please select all of the applicable Submission requirements. 

• Interview Date (required) —

  Enter the anticipated date of the Oral Interviews.

  The default answer is set to "Tentative"

  Sample language you can use:

  • Wednesday, December 4, 2030
  • Mid-July, 2030 
  • Interviews will not be conducted for this solicitation.
• Virtual Pre-Proposal Conference Meeting Link_SFO (required) —

  Enter the meeting link for the Pre-Proposal Conference.

• Virtual Pre-Proposal Conference ID#_SFO (required) —

  Enter the MS Teams Conference ID# for participants wanting to join the meeting by phone.