Series 53: 4.2.2.2.1. Soliciting The Bid

Taken from our Series 53 Online Guide

4.2.2.2.1. Soliciting the Bid

The issuer will post a Notice of Sale in The Bond Buyer and elsewhere that announces:

The amount of the proposed sale

The type of bonds being offered

The dated date (the date when interest will start accruing on the purchased bonds)

The process for submitting bids (including location and time)

The notice will also announce:

The structure of the issue

The desired form of the bid (whether net interest cost or true interest cost)

The status of the legal opinion (whether qualified or unqualified)

If the notice does not specify the time and date

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