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split offering

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Split offering
A municipal bond issue that is made up of serial bonds and term maturity bonds.
split offering
1. The sale of a new bond issue that is composed of serial bonds and term bonds. Many municipal issues are sold as split offerings.
2. A security offering that consists of new and previously issued securities of the issuer. For example, a corporation may undertake an issue of common stock that is composed of new shares and shares being held as Treasury stock.
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