On May 8, 2017, NABL released model issue price certificates, which are available here and which respond to the requirements of the regulations that apply to bonds sold on or after June 7, 2017. These model certificates are designed to guide the content and organization that may be appropriate, but are not intended to limit the form of documentation that law firms and individual attorneys may choose to use.
Since the release of the model certificates and their use in preparation for upcoming transactions, NABL has become aware that some counsel have made changes to one or more of the model certificates to better reflect what they believe to be the needs of a particular transaction. NABL is considering issuing a second edition of the issue price certificates with modifications to incorporate comments received from members based on their experience in applying the new regulations.
We would appreciate NABL members sharing any modifications they are making to NABL’s model issue price certificates that they believe might be of general applicability, together with a short explanation of why each particular modification is being made.
Modifications and explanations should be sent to firstname.lastname@example.org.