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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

official notice of sale

An announcement by a municipality that it is accepting bids from underwriters for a proposed bond issue.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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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