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This document serves as a preliminary official statement for the issuance of general obligation bonds by the City of Des Moines, detailing the financial aspects, legal considerations, and project

How to fill out preliminary official statement

How to fill out Preliminary Official Statement

1. Begin with the title: 'Preliminary Official Statement' at the top of the document.
2. Include the name and contact information of the issuer or responsible party.
3. Provide a summary of the bonds being issued, including the total amount, purpose, and principal repayment terms.
4. Add financial information, including historical financial statements, budget figures, and credit ratings.
5. Describe the economic indicators and trends relevant to the issuer's financial health.
6. Include risk factors associated with the investment.
7. Provide details about the bond offering process, including the that underwriting and proposed timeline.
8. Include any legal opinions or statements regarding the legality of the bond issuance.
9. Add any appendices or additional information that could be relevant for investors.
10. Review for accuracy and compliance with applicable regulations before distribution.

Who needs Preliminary Official Statement?

1. Municipal issuers who are seeking to raise capital through bond sales.
2. Investors who need to evaluate potential investments in municipal bonds.
3. Financial advisors assisting clients with bond investment decisions.
4. Underwriters and brokers involved in the bond issuance process.
5. Regulatory agencies monitoring bond markets.

People Also Ask about

What is a preliminary official statement?

What is a preliminary official statement (POS)? Answer. The POS is an informational disclosure document released prior to the sale that describes the proposed new issue of bonds prior to final determination of the maturity amounts, interest rates and offering prices/yields.

What does an official statement mean?

The document prepared by, or for, the Issuer and distributed to investors to provide disclosure with respect to one or more issues of bonds.

What is the official statement of a bond?

The document prepared by, or for, the Issuer and distributed to investors to provide disclosure with respect to one or more issues of bonds.

What is a preliminary statement?

The disclosure document prepared by a bond issuer that gives detailed financial information about the issuer and the bond offering. Municipal securities issuers must prepare an “Official Statement” before presenting the primary offering.

What does "official statement" mean?

The term "Official Statement" refers to a document or communication that is issued by a public or governmental entity, providing essential information to the public or relevant parties regarding a specific matter, such as a financial offering, decision, or policy.

What is the preliminary official statement?

What is a preliminary official statement (POS)? Answer. The POS is an informational disclosure document released prior to the sale that describes the proposed new issue of bonds prior to final determination of the maturity amounts, interest rates and offering prices/yields.

What constitutes an official statement?

An official statement describes the essential terms of the bonds. It typically provides the most detailed description of the terms and features of the bonds through maturity, unless and until these terms have been modified.

For pdfFiller’s FAQs

What is Preliminary Official Statement?

A Preliminary Official Statement (POS) is a disclosure document used in the municipal securities market to provide potential investors with essential information about a proposed bond issue before the bonds are formally offered for sale.

Who is required to file Preliminary Official Statement?

Issuers of municipal securities, such as state or local government entities, are required to file a Preliminary Official Statement when offering municipal bonds to prospective investors.

How to fill out Preliminary Official Statement?

To fill out a Preliminary Official Statement, issuers must provide detailed information about the bond issue, including the purpose of the bonds, financial data, and terms of the bonds, while working with financial advisors and legal counsel to ensure accuracy and compliance with regulations.

What is the purpose of Preliminary Official Statement?

The purpose of a Preliminary Official Statement is to inform potential investors about the details of a bond issue, allowing them to make informed investment decisions and comply with legal requirements for disclosure.

What information must be reported on Preliminary Official Statement?

The information that must be reported includes the issuer's financial condition, the project's purpose, the terms of the bonds, the security pledge, tax implications, and any risks associated with the investment.