CONTRACTREJECTED

Jefferies unsuccessful in bid for 2026F bond issue

Office of the Washington State Treasurer logoOffice of the Washington State Treasurer
Disclosed value
$543,270,000 (bid price $594,572,481.14; premium $51,302,481.14)
From resolution
Document date
Jun 16, 2026

The 30-second brief

What it covers

Jefferies LLC bid to underwrite $543.27 million of Washington’s Motor Vehicle Fuel Tax and Vehicle Related Fees General Obligation Bonds, Series 2026F, was not selected. The firm offered to pay about $594.57 million with a TIC of 4.119699, which was higher than the winning bid.

Who holds it

Jefferies LLC holds this financial services contract with Office of the Washington State Treasurer. Its other public contracts on record include work for Illinois Finance Authority | State of Illinois and City of Bristol.

What happens next

Term as filed: Proposed bonds maturing annually June 1, 2027 through June 1, 2051.

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Contract details

Contract type
Financial Services
Amount
$543,270,000 (bid price $594,572,481.14; premium $51,302,481.14)
Document date
June 16, 2026
Term
Proposed bonds maturing annually June 1, 2027 through June 1, 2051
Source document
State Finance Committee Resolution 1314 2026-06-16 (Resolution)

Jefferies LLC's other public contracts

More Office of the Washington State Treasurer contracts

Questions about this contract

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

Jefferies LLC was awarded this financial services contract by Office of the Washington State Treasurer, as recorded on June 16, 2026. The contract value is $543,270,000 (bid price $594,572,481.14; premium $51,302,481.14).

How much is the Jefferies LLC contract with Office of the Washington State Treasurer worth?

The Jefferies LLC contract with Office of the Washington State Treasurer is valued at $543,270,000 (bid price $594,572,481.14; premium $51,302,481.14), 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 1314 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.

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What other contracts does Jefferies LLC hold?

Jefferies 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.

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.

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