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. Looking at the Internet municipal bond auction prototype, it was immediately evident to the finance director that the Internet could be used as a medium to avoid these problems - and possibly increase bidding competition for Pittsburgh's bonds.
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