bond-basics

Tender

An offer by a bondholder to sell Bonds to the Issuer at a stated price, often in response to the Issuer’s solicitation of, or request for, Tenders.

See Also

Put Bond

A bond that gives the bondholder the right to sell, or put, the bond to the issuer or some other party, often a remarketing agent, under specific conditions.

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Underwriter’s Discount

The difference between the amount an underwriter pays the issuer for the bonds at the closing (i.e., the purchase price) and the price at which the underwriter sells the bonds to the public (i.e., the issue price).