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.
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Printer
The term is short for “going to the printer,” which simply means to finalize an offering document and accompanying documents.