Series 52: 3.2.3. Pricing By Negotiated Sale

Taken from our Series 52 Top Off Online Guide

3.2.3.  Pricing by Negotiated Sale

In a negotiated sale, the issuer may select the underwriter at any time in the process, prior to the public sale date, even before the bond issue has been structured.

Remember: The underwriter does not have to go through a bidding process in a negotiated sale. That’s why the issuer may select the underwriter at any time.

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