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This Preliminary Official Statement has been prepared for submission to prospective bidders for the bonds described and is subject to revision and completion in a final Official Statement. It summarizes

How to fill out preliminary official statement

How to fill out Preliminary Official Statement

1. Begin by gathering relevant financial information about the bond issuer such as their credit rating, financial statements, and revenue sources.
2. Outline the bond offering details including the type, amount, and purpose of the bonds being issued.
3. Provide a description of the project or use of funds that the bonds will finance.
4. Include a section on the legal and regulatory framework governing the bond issuance.
5. Detail the risks associated with the bond issuance, including economic conditions and changes in law or regulations.
6. Review and summarize the covenants and terms of the bond indenture.
7. Have the Preliminary Official Statement reviewed by legal counsel and financial advisors to ensure compliance with SEC regulations.
8. Finalize the document and distribute it to potential investors and underwriters for review.

Who needs Preliminary Official Statement?

1. State and local governments that are issuing bonds to finance public projects.
2. Municipal bond issuers including authorities and other public entities.
3. Investors looking to understand the details of the bond offering before investing.
4. Underwriters and financial advisors working on the bond issuance.

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 document issued by a municipal issuer before its offering of bonds, providing detailed information about the bonds and the issuer's financial circumstances, which potential investors can use to evaluate the investment.

Who is required to file Preliminary Official Statement?

Municipal issuers, such as state and local governments or their agencies, are required to file a Preliminary Official Statement when they issue bonds for public purposes.

How to fill out Preliminary Official Statement?

To fill out a Preliminary Official Statement, the issuer must provide detailed financial information, bond terms, use of proceeds, and any other material information that may affect the bonds' value. Legal counsel is often involved in this process.

What is the purpose of Preliminary Official Statement?

The purpose of a Preliminary Official Statement is to inform potential investors about the offering of bonds, including details on the issuer's financial health and specific bond terms, ensuring transparency and compliance with regulatory requirements.

What information must be reported on Preliminary Official Statement?

The Preliminary Official Statement must report information on the issuer's financial condition, the planned use of bond proceeds, terms and conditions of the bond offering, risks involved, and any other material information relevant to potential investors.