official statement


Official statement

A statement published by an issuer of a new municipal security describing itself and the issue.

Official Statement

A statement that the issuer of a municipal bond makes before the issue takes place. The official statement describes the issuer and the bond. It is the equivalent of registration of a corporate bond.

official statement

A disclosure of financial and operating information relevant to a municipal bond issue. This statement is similar to the registration statement required of private issuers of securities.