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.

In Contrast With

Competitive Bid / Sale

A method of selling bonds in which one or more underwriters submit proposals for the purchase of the bonds.

Hudson Yards Rail Yards

Start with the Bond Basics

Term of the Week

Pre-Closing

A meeting of all the parties prior to the closing, often held the day before the closing.