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

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: [Department For Education](/buyers/department-for-education/contract-awards)
- Contract winner: Bank of America Merrill Lynch
- Award value: £1,950,000
- Award date: 1 March 2018
- Published: 1 August 2019
- Contract start: 13 March 2018
- Contract end: 5 June 2021
- Stage: awarded
- Procurement category: services
- Notice ID: 71b963a3-8c95-4190-9b12-b9e5417b373c-305453
- OCID: ocds-b5fd17-45f0183c-e5d2-4bfc-8cc8-3f01df7d629e

## 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

## Related contract awards

- [Call-off Contract for the November 2026 cohort of the National Professional Qualifications \(NPQs\)](/contracts/ocds-b5fd17-ce0d651b-c3d5-481d-ad4d-3f5dc8bbd35e): Department for Education
- [Contract Award Notice Independent review into 2DP fire and structural safety](/contracts/ocds-b5fd17-5297e4b5-9ab5-4948-95c5-119730f371ef): Department for Education
- [Inclusion Bases: exploring evidence of impact and models\.](/contracts/ocds-b5fd17-76dee6b0-7bcc-49cd-b784-34d2192c05a4): Department for Education

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/71b963a3-8c95-4190-9b12-b9e5417b373c-305453)