Truly Transparent Investment of Bond Proceeds
Benefits of GICauction®
- More aggressive bidding and enhanced investment returns
- Issuer and Bond Counsel view bidding in real-time, no “black box”
- Permanent, electronic record of all bids and automatically generated auction reports
GICauction allows for investing bond proceeds or other funds in flexible repurchase agreements and investment agreements.
An Auction Analysis showing every bid submitted in the auction will be provided to the issuer and its counsel for inclusion in the bond closing transcript.