Official Notice of Sale

Definition - What does Official Notice of Sale mean?

Official Notice of Sale is the notice of sale published in the daily bond buyer by a municipal issuer. This is the notice that is used to obtain an underwriter for municipal bonds.

Testopedia explains Official Notice of Sale

When a municipal government wants to raise capital though the sale of bonds through a competitive underwriting they will publish an official notice of sale. In the official notice of sale the issuer will describe the amount of capital to be raised and the maturity dates for the issue. The official notice of sale will inform potential underwriters on how and where to submit bids.

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