Transportation Trust Fund Authority | State of New Jersey Awards Financial Services Contract to Goldman Sachs & Co. LLC (October 2020)
Transportation Trust Fund Authority | State of New JerseyState · NJ- Disclosed value
- Underwriters’ discount estimated at $4,659,000; compensation limited to no more than $5.00 per $1,000 of bonds; aggregate bond principal not exceeding $1,500,000,000
- From minutes
- Approved
- Oct 15, 2020
- Renews
- Free account
The 30-second brief
The Authority approved Goldman Sachs & Co. LLC as senior managing underwriter for up to $1.5 billion of Transportation Program Bonds, 2020 Series AA. The proposed negotiated sale was expected before December 31, 2020, with underwriter compensation capped at $5 per $1,000 of bonds.
Goldman Sachs & Co. LLC holds this financial services contract with Transportation Trust Fund Authority | State of New Jersey. Its other public contracts on record include work for Arkansas Development Finance Authority | State of Arkansas and CYPRESS WATERS MMD.
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Contract details
- Contract type
- Financial Services
- Amount
- Underwriters’ discount estimated at $4,659,000; compensation limited to no more than $5.00 per $1,000 of bonds; aggregate bond principal not exceeding $1,500,000,000
- Document date
- October 15, 2020
- Term
- Proposed sale and issuance expected before 2020-12-31; bond final maturity expected 2050-06-15
- Renews
- Free account
- Vendor
- Goldman Sachs & Co. LLC
- Source document
- New Jersey Transportation Trust Fund Authority Minutes Board Meeting October 15, 2020 (Minutes)
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Questions about this contract
Who was awarded the financial services contract by Transportation Trust Fund Authority | State of New Jersey?
Goldman Sachs & Co. LLC was awarded this financial services contract by Transportation Trust Fund Authority | State of New Jersey, as recorded on October 15, 2020. The contract value is Underwriters’ discount estimated at $4,659,000; compensation limited to no more than $5.00 per $1,000 of bonds; aggregate bond principal not exceeding $1,500,000,000.
How much is the Goldman Sachs & Co. LLC contract with Transportation Trust Fund Authority | State of New Jersey worth?
The Goldman Sachs & Co. LLC contract with Transportation Trust Fund Authority | State of New Jersey is valued at Underwriters’ discount estimated at $4,659,000; compensation limited to no more than $5.00 per $1,000 of bonds; aggregate bond principal not exceeding $1,500,000,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in New Jersey Transportation Trust Fund Authority Minutes Board Meeting October 15, 2020 (Minutes), dated October 15, 2020 from Transportation Trust Fund Authority | State of New Jersey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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