Series 53: 4.2.2.2. Pricing By Competitive Bid

Taken from our Series 53 Online Guide

4.2.2.2. Pricing by Competitive Bid

Once the above documents have been prepared, the issuer sends a request for a bond rating from the credit rating agencies. Then, after the rules for the competitive bidding have been devised, the issuer is ready to advertise for bids in The Bond Buyer, the major municipals trade paper, and elsewhere.

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