Series 52: 3.4. Selling The Bonds

Taken from our Series 52 Online Guide

3.4. Selling the Bonds

When the final prices have been decided and the contracts have been drawn up and signed, the issuer will:

• Begin the preparation of a final official statement

• Register the issue with a clearinghouse

• Release the bonds for sale

It is common for the underwriter to place a tombstone ad in various business publications announcing the sale, including its terms, interest rates, and reoffering scale, plus the bond ratings and the names of the members of the syndicate. It is called a tombstone ad because it resembles

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