Series 53: Initiating The Sale

Taken from our Series 53 Online Guide

Initiating the Sale

When the final prices have been decided and the contracts drawn up and signed, the issuer will begin the preparation of a final official statement, register the issue with a clearing house, and release the bonds for sale. The lead underwriter will place a tombstone ad in various business publications announcing the sale, including its terms, interest rates and reoffering scale, the bond ratings, and the names of the members of the syndicate.

The underwriter will not actually own the bonds until the issuer has delivered them, and the issuer cannot deliver them until the bonds have been

Since you're reading about Series 53: Initiating The Sale, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 53
Please Enable Javascript
to view this content!