bond-basics

Stickering or Supplementing

Amending or supplementing a Preliminary Official Statement or an Official Statement, typically to provide information about new developments or updated information affecting the Issuer, the Conduit Borrower or the Bond Issue. Before the use of electronic distribution of the Preliminary Official Statement and the Official Statement, this new information was often printed on paper with adhesive backing so that it could be attached to the appropriate pages of the Preliminary Official Statement or the Official Statement. When this occurred, the Preliminary Official Statement or the Official Statement was referred to as “stickered.”

See Also

Preliminary Official Statement (“POS”)

The type of offering document circulated prior to the determination of the interest rates and certain other terms of the bonds when it is anticipated or known the bonds will be purchased by an underwriter and resold to the public.

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Bond Counsel

An attorney or firm of attorneys, frequently retained by the Issuer but sometimes by another party to the transaction, to render an opinion in a bond financing as to the validity and enforceability of the bonds and the treatment of the interest on the bonds under the code and applicable state law.