Get the free Preliminary Official Statement - KDFA 2011Kdoc

NOTICE OF BOND SALE $119,105,000* KANSAS DEVELOPMENT FINANCE AUTHORITY REVENUE BONDS SERIES 2011K (KANSAS DEPARTMENT OF COMMERCE IMPACT PROGRAM) Bids. Facsimile and electronic (as explained below)

How to fill out preliminary official statement

How to fill out a preliminary official statement?

1. Understand the purpose and importance: A preliminary official statement (POS) is a document that provides information about a municipal bond offering. Before filling out the POS, it is crucial to understand the purpose of the document and its significance in the bond issuance process.
2. Gather necessary information: Collect all the relevant information regarding the bond offering, including details about the issuer, underwriter, legal counsel, and financial advisor. This information will be used throughout the POS.
3. Provide general information: Start by filling out the general information section of the POS, which typically includes the title of the document, the name of the issuer, the financing program, and contact details.
4. Describe the issuer: Provide a comprehensive description of the issuer, including its legal name, address, organizational structure, and a brief history. This section should also cover any material litigation, bankruptcy, or default history of the issuer.
5. Offer details of the bonds: Specify the type of bonds being offered, such as general obligation bonds or revenue bonds. Include important details such as the purpose of the bond issuance, the principal amount being offered, the maturity dates, and any special provisions or features of the bonds.
6. Financial information: Present the financial information of the issuer, including audited financial statements, management discussions and analysis, and any material financial events or trends that may impact the bond offering. This should provide potential investors with a clear picture of the issuer's financial stability.
7. Legal and tax information: In this section, include legal opinions, tax information, and any other legal documents that show the validity and tax-exempt status of the bonds. This information ensures that investors have a thorough understanding of the legal and tax implications associated with the bond offering.
8. Risk factors and disclosure: List all the potential risks associated with the bond offering. This includes market risks, credit risks, liquidity risks, and any other factors that could potentially impact the bond investment. Full disclosure of risks is crucial to provide transparency to potential investors.
9. Appendix: Attach any additional documents or information that may be necessary to support the content of the POS. This can include official statements from the issuer, financial statements, legal opinions, or any other relevant materials.

Who needs a preliminary official statement?

1. Buyers of municipal bonds: Potential investors who are considering purchasing municipal bonds need the preliminary official statement to make informed investment decisions. The POS provides essential information about the issuer, the bond offering, financial details, and associated risks.
2. Underwriters and financial advisors: Underwriters and financial advisors involved in the bond offering process require the preliminary official statement for due diligence purposes. It helps them evaluate the risks and marketability of the bonds and assists in formulating the offering price and marketing strategy.
3. Regulatory authorities: Certain regulatory authorities, such as the Securities and Exchange Commission (SEC), may require the preliminary official statement as part of their oversight and enforcement activities. These organizations use the POS to ensure compliance with securities laws and regulations.
4. Legal counsel: The issuer's legal counsel is responsible for reviewing and providing legal opinions on the preliminary official statement. They play a crucial role in ensuring that the POS accurately reflects the legal aspects of the bond offering.
5. Issuers and their representatives: The issuer and their representatives are involved in the preparation and distribution of the preliminary official statement. They use the POS as a marketing tool to attract potential investors and raise capital for their projects or operations.

Remember, it is important to consult with legal and financial professionals when filling out a preliminary official statement to ensure compliance with all applicable laws and regulations.

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What is preliminary official statement?

A preliminary official statement is a document issued by a municipal issuer in connection with the sale of municipal securities.

Who is required to file preliminary official statement?

The municipal issuer is required to file the preliminary official statement.

How to fill out preliminary official statement?

The preliminary official statement is typically filled out by the municipal issuer with assistance from underwriters and legal counsel.

What is the purpose of preliminary official statement?

The purpose of the preliminary official statement is to provide potential investors with information about the municipal securities being offered.

What information must be reported on preliminary official statement?

The preliminary official statement typically includes information about the issuer, the securities being offered, the financial condition of the issuer, and any other material information that potential investors may need to know.