Banking and investment services

Tender description

AHGS shall require the successful tenderer to raise 3 000 000 000 GBP of capital from investors (with a potential 3 000 000 000 GBP top-up at the guarantor’s sole discretion), on-lend it to registered housing providers and manage the resulting loan portfolio over the lifetime of the borrowings (estimated to be 39 years). The successful tenderer will be appointed to operate the AHGS under a concession agreement from the authority. The estimated total value given below relates to the estimated value of the concession agreement to the successful tenderer. The contract will be for the establishment and management of the AHGS. The AHGS shall require the successful tenderer raise 3 000 000 000 GBP of capital from Investors (with a potential 3 000 000 000 GBP top-up at the guarantor’s sole discretion), on-lend it to RPs and manage the resulting loan portfolio over the lifetime of the borrowings (estimated to be 39 years). The successful tenderer will be appointed to operate the scheme under a concession agreement from the authority. Pursuant to the scheme, the authority will provide: — a guarantee covering scheduled interest and scheduled principal payable to investors by the capital-raising SPV established by the successful tenderer for the purposes of the scheme, and — a guarantee of the corresponding loans made to RPs under the scheme. The value of the contract is estimated to be in the range of 80 000 000 GBP and 125 000 000 GBP where 80 000 000 GBP is based on the successful tenderer raising and on-lending only an initial 3 000 000 000 GBP of capital from investors whereas 125 000 000 GBP is based on the successful tenderer raising and on-lending an initial 3 000 000 000 GBP of capital from investors plus an additional 3 000 000 000 GBP. See the tender documents for a more detailed explanation. Tender documentation will be issued via the Bravo e-Tendering system (located at https://dclg.bravosolution.co.uk), so in order to access the full set of documents and place bids you will need to be registered. If you are not already registered please follow the instructions below to do so: Register your company on the Bravo eSourcing portal (this is only required once): — browse to the eSourcing Portal, — click the 'Click here to register' link, — accept the terms and conditions and click 'continue', — enter your correct business and user details, — note the username you chose and click 'Save' when complete, — you will shortly receive an email with your unique password (please keep this secure). Registration is free and you will then be able to access full details of the tender and download all the accompanying documentation.