When is the Official Statement finalized?

The Official Statement is finalized after the sale to reflect final pricing. This is a critical aspect of the bond issuance process, as it ensures that all information regarding the bonds is current and accurately reflects the terms of the deal.

Once the competitive bidding process is complete and a winning bid is selected, the pricing details, including interest rates, principal amounts, and any other relevant financial information, are confirmed. After these details are solidified, the Official Statement can then be updated and finalized to include this definitive pricing information prior to distribution to investors. This guarantees that investors have the most accurate and comprehensive information when making their investment decisions.

Finalizing the Official Statement at this stage upholds transparency and assists in maintaining trust in the financial markets. It is also critical for compliance with regulations governing municipal securities.