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This Preliminary Official Statement provides vital information regarding the $450 million General Obligation Refunding Bonds of Wisconsin, dated April 11, 2023, for informed investment decisions.
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A preliminary official statement (POS) is a document prepared by or on behalf of an issuer of municipal securities that provides important information about the securities being offered for sale. It is distributed to potential investors and is intended to provide transparency regarding the offering.
Issuers of municipal securities are required to file a preliminary official statement. This includes government entities and agencies that issue bonds or other securities to finance public projects.
To fill out a preliminary official statement, issuers must provide relevant information about the securities, including the purpose of the offering, the terms, descriptions of the projects being financed, financial information about the issuer, and any risks associated with the investment. It typically follows a standardized format.
The purpose of a preliminary official statement is to provide potential investors with detailed information about the securities being offered, allowing them to make informed decisions. It also serves to comply with legal requirements for transparency and disclosure in the securities market.
The preliminary official statement must include information such as the issuer's financial condition, terms of the offering, purposes of the financing, description of the securities, sources of repayment, risks associated with the offering, and any other material information that could affect the investment.
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