Notice of Sale
The notice published by an issuer to advertise an upcoming sale of bonds in a competitive sale.
bond-basics
Competitive Bid / Sale
A method of selling Bonds in which one or more Underwriters submit proposals for the purchase of the Bonds. The Bonds are awarded to the Underwriter submitting the best bid, determined by the method specified in the Notice of Sale.
See Also
In Contrast With
Negotiated Sale
The sale of a new issue of bonds by an issuer through an exclusive agreement with an underwriter or underwriting syndicate selected by the issuer.
Start with the Bond Basics
Hundreds of Terms and Concepts
Advance Refunding
A type of refunding transaction in which the refunding bonds are issued more than 90 days before the redemption or final maturity, whichever is earlier, of the refunded bonds.