Competitive Bid / Sale
A method of selling bonds in which one or more underwriters submit proposals for the purchase of the bonds.
bond-basics
Notice of Sale
The notice published by an Issuer to advertise an upcoming sale of Bonds in a Competitive Sale. A Notice of Sale generally contains the date, time and place of sale, the Principal amount (and Maturity schedule), a description of the Bonds, the security pledged for the repayment of the Bonds, the amount of any Good Faith Deposit, the basis of award, the name of Bond Counsel, method of delivery and time and place of delivery.
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
See Also
Start with the Bond Basics
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Limited Tax General Obligation Bond (“LTGO”)
A type of General Obligation (GO) Bond secured by limited taxing powers of the Issuer.