California Infrastructure and Economic Development Bank (IBank) | State of California Awards Financial Services Contract to Rbc Capital Markets Llc (September 2026)

IBank authorized a public bond offering of up to $80 million with RBC Capital Markets, LLC serving as senior manager of the underwriting syndicate. The bonds are expected to close on December 22, 2026 and will finance the Equitable School Revolving Fund transaction.

Document date · September 23, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $80,000,000 bond par amount

Contract type

FINANCIAL_SERVICES

Contract term

Public offering; expected closing December 22, 2026

Renewal date

2027-03-22

Renewal

No renewal or extension terms stated; IBank approval requires closing within 180 days of September 23, 2026 unless extended.

Document type

Resolution

Source document

California Infrastructure and Economic Development Bank Resolution Resolution No. 26-13 Equitable School Revolving Fund Bond Issuance 2026-09-23

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Infrastructure and Economic Development Bank (IBank) | State of California?

Rbc Capital Markets Llc was awarded this financial services contract by California Infrastructure and Economic Development Bank (IBank) | State of California, as recorded on September 23, 2026. The contract value is Not to exceed $80,000,000 bond par amount.

How much is the Rbc Capital Markets Llc contract with California Infrastructure and Economic Development Bank (IBank) | State of California worth?

The Rbc Capital Markets Llc contract with California Infrastructure and Economic Development Bank (IBank) | State of California is valued at Not to exceed $80,000,000 bond par amount, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in California Infrastructure and Economic Development Bank Resolution Resolution No. 26-13 Equitable School Revolving Fund Bond Issuance 2026-09-23 (Resolution), dated September 23, 2026 from California Infrastructure and Economic Development Bank (IBank) | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rbc Capital Markets Llc hold?

Rbc Capital Markets Llc 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 Rbc Capital Markets Llc's profile

What is California Infrastructure and Economic Development Bank (IBank) | State of California currently buying?

Explore California Infrastructure and Economic Development Bank (IBank) | State of California's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View California Infrastructure and Economic Development Bank (IBank) | State of California's profile