Lead Sales Advisor for the Income Contingent Repayment Student Loan Monetisation Programme

Contract summary

Industry

• Education and training services - 80000000

Location of contract

Any region

Value of contract

£0

Procurement reference

ITT 30297

Published date

1 August 2019

Closing date

10 January 2018

Contract start date

13 March 2018

Contract end date

5 June 2021

Contract type

Service contract

Procedure type

Call-off from a framework agreement

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

The Department for Education ("DfE") has commenced a programme to monetise the English Pre-Browne Income Contingent Repayment ("ICR") loan book. DfE launched the first sale of the loan book in February 2017. The process was subsequently paused following the announcement of a General Election in April 2017. This first sale was resumed on October 31st 2017 and is expected to complete by the end of 2017. Work is now commencing on a second sale targeted to complete in the second half of 2018 as the wider monetisation programme continues.

This ITT is for a role critical to the current monetisation programme, starting with the execution of a second loan sale transaction: The Lead Sales Advisor. The role primarily involves: Leading on advice, transaction structuring, project management and transaction execution; acting as Arranger and; (alongside Joint Lead Managers) supporting the distribution effort in accordance with market best practice

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More information

Attachments

• 20190508 BAML LSA call-off order form REDACTED.DOCX
• Signed contract
• Redacted Contract

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Award information

Awarded date

1 March 2018

Contract start date

13 March 2018

Contract end date

5 June 2021

Total value of contract

£1,950,000

This contract was awarded to 1 supplier.

Bank of America Merrill Lynch

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About the buyer

Address

Department for Education, Sanctuary Buildings
Great Smith Street
London
SW1P 3BT
England

Email

ESFAProcurement.HELP@education.gov.uk