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Tenfell
Awarded contract
Published 01 Aug 2019

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

Department for Education · London

Key facts

Contract value
£1,950,000
Awarded
01 Mar 2018
Contract starts
13 Mar 2018
Contract ends
05 Jun 2021
Procedure
Call-off from a framework agreement (framework)
Buyer type
Central government

Awarded to

SupplierValue
Bank of America Merrill Lynch£1,950,000

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

Categories (CPV)

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