English to French Bus/Financial Finance (general)

Deutsche Bank served as the auction agent for the State of California Department of Water Resources Central Valley Project Water System Revenue Bonds Series AB from 2004 until the bonds were called for redemption in 2008. The complete range of services we provided as Auction Agent included; determining and maintaining a calendar of auctions for each series of bonds in the issuance, determining and setting a floor/ceiling rate for each auction based on the parameters specified in the governing documents for each security, communicating that information to potential bidders, receiving and accepting qualified bids from approved bidders, processing a “Dutch” auction to determine the winning bidders and the auction settlement price, providing detailed auction results and reporting to interested parties, and acting as a liaison between the Issuer and various market participants.