Competitive Bid / Sale
A method of selling bonds in which one or more underwriters submit proposals for the purchase of the bonds.
bond-basics
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. A Negotiated Sale is distinguished from a Competitive Sale, which involves a public bidding process for the purchase of the Bonds.
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
In Contrast With
Start with the Bond Basics
Hundreds of Terms and Concepts
Host Approval
Approval by the governmental unit in the geographic jurisdiction which contains the site of the project to be financed by a private activity bond issue, as required by TEFRA.