FINANCIAL_SERVICESREJECTED

Truist’s offer for Series 2026E bonds rejected

Truist Securities, Inc. was among the bidders for Washington’s Series 2026E Bid Group 1 GO bonds but did not secure the underwriting. Its bid featured a higher true interest cost relative to the winning firm.

Status
REJECTED
Document date
June 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Truist Securities Inc
Agency
Office of the Washington State Treasurer · WA

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Bid of $433,392,137.35 purchase price on $385,435,000 principal (not awarded)
Contract type
FINANCIAL_SERVICES
Contract term
Proposed bonds maturing August 1, 2034–August 1, 2044
Renewal
Rejected competitive underwriting bid; no ongoing agreement.
Document type
Resolution
Source document
State Finance Committee Resolution 1313 2026-06-16

Related contracts

Other contracts from Truist Securities Inc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Office of the Washington State Treasurer?

Truist Securities Inc was awarded this financial services contract by Office of the Washington State Treasurer, as recorded on June 16, 2026. The contract value is Bid of $433,392,137.35 purchase price on $385,435,000 principal (not awarded).

How much is the Truist Securities Inc contract with Office of the Washington State Treasurer worth?

The Truist Securities Inc contract with Office of the Washington State Treasurer is valued at Bid of $433,392,137.35 purchase price on $385,435,000 principal (not awarded), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record.

Where was this contract approved?

This contract appears in State Finance Committee Resolution 1313 2026-06-16 (Resolution), dated June 16, 2026 from Office of the Washington State Treasurer. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Truist Securities Inc hold?

Truist Securities Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Truist Securities Inc's profile

What is Office of the Washington State Treasurer currently buying?

Explore Office of the Washington State Treasurer's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Office of the Washington State Treasurer's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free