FINANCIAL_SERVICESDISCUSSED

Sumitomo Mitsui bid on Measure M CP facility

Sumitomo Mitsui Banking Corporation proposed a $200 million commercial paper support facility for Metro’s Measure M financing, projecting roughly $12.6 million in first-year costs. The offer was evaluated but not advanced as a recommended award.

Status
DISCUSSED
Document date
January 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Sumitomo Mitsui Banking Corporation
Agency
Los Angeles County Metro Transit Authority · CA

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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
$200,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Three-year tenor (assumed) commercial paper letter of credit support; pricing based on standardized assumptions
Renewal
Three-year facility assumed for evaluation purposes; no contract or renewal authority was granted for this proposer.
Document type
AgendaPacket
Source document
Los Angeles County Metropolitan Transportation Authority AgendaPacket Measure M Short-Term Borrowing Program 2026-01-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Los Angeles County Metro Transit Authority?

Sumitomo Mitsui Banking Corporation was awarded this financial services contract by Los Angeles County Metro Transit Authority, as recorded on January 15, 2026. The contract value is $200,000,000.

How much is the Sumitomo Mitsui Banking Corporation contract with Los Angeles County Metro Transit Authority worth?

The Sumitomo Mitsui Banking Corporation contract with Los Angeles County Metro Transit Authority is valued at $200,000,000, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Los Angeles County Metropolitan Transportation Authority AgendaPacket Measure M Short-Term Borrowing Program 2026-01-15 (AgendaPacket), dated January 15, 2026 from Los Angeles County Metro Transit Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Sumitomo Mitsui Banking Corporation hold?

Sumitomo Mitsui Banking Corporation 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 Sumitomo Mitsui Banking Corporation's profile

What is Los Angeles County Metro Transit Authority currently buying?

Explore Los Angeles County Metro Transit Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Los Angeles County Metro Transit Authority's profile

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