Closing
The date of delivery of a new issue of bonds, at which time the issuer delivers the bonds and the requisite legal documents to the underwriter or other bond purchaser in exchange for the purchase price.
bond-basics
Pre-Closing
A meeting of all the parties prior to the Closing, often held the day before the Closing. Typically, this is the meeting at which the parties review the documents and most of the documents are executed. Certain receipts may be unexecuted or executed and escrowed with Bond Counsel until the Closing.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Pricing
In a competitive sale, it is the term used for when the bids on the bonds are received by the issuer. In a negotiated sale, it is the term used for the process and result of the determination by the underwriter(s) and the issuer of the Interest Rates and public offering prices at which the bonds…