Series 50: Notice Of Sale

Taken from our Series 50 - MSRB Municipal Advisor Representative Qualification Exam

Definition of the term Notice Of Sale...

a public announcement made by a municipal issuer that is conducting a competitive bid underwriting. The notice states each of the following: the amount of the proposed sale; the type of bonds being offered; the dated date; the process for submitting bids; the structure of the issue; the desired form of the bid; and the status of the legal opinion.

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