Series 50: Chapter Four: Structuring, Pricing, And Executing Municipal Debt Products

Chapter Four

Structuring, Pricing, and Executing Municipal Debt Products

(31 questions out of 100 questions)

Issuing municipal bonds is a complex process. The first step is to determine the structure of the issuance—will it be a term or serial bond? Will it be a public offering or a private placement?

In a competitive bidding process, the financial advisor helps the issuer determine the structure of the bonds before the issuer chooses an underwriter. If the issuer c