SPECIAL NOTICE
99 -- Housing Guarantee Request for Proposals
- Notice Date
- 4/30/2021 10:13:30 AM
- Notice Type
- Special Notice
- Contracting Office
- OFFICE OF ACQUISITION Washington DC 20527 USA
- ZIP Code
- 20527
- Response Due
- 5/21/2021 10:00:00 AM
- Archive Date
- 06/05/2021
- Point of Contact
- Non Procurement Solicitations, Phone: 0000000000
- E-Mail Address
-
nonprocurementsolicitations@dfc.gov
(nonprocurementsolicitations@dfc.gov)
- Description
- REQUEST FOR Non-FAR BASED PROPOSALS Background: Pursuant to the Better Utilization of Investments Leading to Development Act of 2018 (the �BUILD Act�), the United States International Development Finance Corporation (�DFC�) assumed a portfolio of loan guaranties for thirty-five (35) loans[1] extended by private-sector investors (the �Investors�) to ten (10) national governments, including without limitation departments or enterprises of such national governments,[2] (the �Borrowers�) to finance residential housing projects (the �Projects�) originated by the U.S. Agency for International Development (�USAID�).� The loans are evidenced by promissory notes (the �Notes�) endorsed by the USAID (for which the DFC is the successor in interest, pursuant to the BUILD Act, to USAID�s obligations under such Notes). �Pursuant to the Notes, all amounts due and payable by Borrowers thereunder are paid into accounts administered by a financial institution domiciled in the United States to perform certain paying and transfer agency services (the �Incumbent Agent�), from which accounts Investors who are holders of Notes receive scheduled payments. �From time to time, Note-holding Investos may transfer such Notes to other Investors for consideration, at which time the Incumbent Agent records such transfer and (if necessary) replaces and reissues such Notes so that they are payable to the order of such other Investors.� While some PTAAs provide for the issuance and transfer of physical Notes from Investor to Investor, other PTAAs provide for the issuance and transfer of Notes through the Depositary Trust Corporation (or an affiliate thereof). Based on information received from the Incumbent Agent, approximately $95 million in payments made under the Notes are processed semiannually through Project accounts.� While several Projects are scheduled to mature by 2029-2030, final payments under the majority of the thirty-five (35) Projects are scheduled within the 2025-2027 timeframe. In consideration of the Incumbent Agent�s paying agency and transfer services as described above for Notes (including both manual transfers and the maintenance of custody arrangements for the transfer of beneficial interests under Notes held at Depositary Trust Corporation) issued in connection with each Project (the �Services�), each Borrower agreed under the terms of certain paying and transfer agency agreements (such agreement, in respect of each Project, a �PTAA�) to compensate the Incumbent Agent for the Services. �Under the terms of such PTAAs, the Incumbent Agent may resign from providing Services upon 90-days� prior written notice to the DFC.� Under such circumstances, the Incumbent Agent continues to provide the Services until the appointment of a successor Agent shall become effective. Recently, the Incumbent Agent resigned under the PTAAs, thereby necessitating that DFC select a successor and appoint a successor paying and transfer agent (the �Agent�) in order to transfer the PTAAs to such Agent on terms and conditions acceptable to DFC and the Borrowers. DFC anticipates selecting and appointing the Agent by a date that is on or before 15 June 2021, with all PTAAs transferred to such Agent on or before 30 July 2021 in order to make such appointment effective. DFC shall not be responsible for, or liable to any person under, the PTAA or any other arrangements arising in respect of this request.� All fees and expenses (including legal fees) payable to the Agent will be the responsibility of, and shall be paid directly by, each Borrower under its Project(s) pursuant to the terms of the PTAAs.� The currency for all payments is U.S. Dollars.� [1] A list of the loan guaranties and related countries is attached as Schedule 1. [2] The countries include: India; Indonesia; Jordan; Morocco; Pakistan; Panama; Philippines; Sri Lanka; Tunisia; and Zimbabwe. For additional details and submission instructions, please see the attached.�
- Web Link
-
SAM.gov Permalink
(https://beta.sam.gov/opp/5496d1c06f974a338979e0607e2b7df8/view)
- Record
- SN05988352-F 20210502/210430230109 (samdaily.us)
- Source
-
SAM.gov Link to This Notice
(may not be valid after Archive Date)
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