official notice of sale

Official Notice of Sale

1. The announcement of a new issue of a municipal bond. An issuer gives official notice of sale when it seeks to attract underwriters to help it place the issue with investors.

2. More broadly, any announcement of sale.

official notice of sale

An announcement by a municipality that it is accepting bids from underwriters for a proposed bond issue.
References in periodicals archive ?
During the city's short history of competitive bidding, there had been several occasions when underwriters submitted fax bids that were illegible, late, or otherwise failed to conform to specifications in the official notice of sale.
Wesley Bailey, the court-appointed commissioner, will sell the property pursuant to the official notice of sale in "as is" condition and subject to existing leases.
Copies of the official notice of sale, the court order appointing Bailey as commissioner and the existing leases can be obtained by contacting Bailey at his Winston-Salem office at 3069 Trenwest Drive, (336) 725-8366 (phone), or wbailey@baileyandthomaspa.