What is a Bond Circular?
A bond circular is essentially a bond offering that is put together by an underwriter or a group of underwriters. Designed as a document describing a bond offering in detail, the purpose of the bond circular is to attract the attention of potential investors, by providing all the basic information about the nature of the offering. Bond circulars include essential details that will help the investor know whether the offering is one that is worth further investigation. The typical bond circular will include the name of the issuer of the offering, and possibly some supporting documentation about the background and reputation of the issuer. This information can quickly help an investor to determine if this is a deal worth consideration, since the reputation of the issuer is likely to figure prominently in the future performance of the offering. Along with basic information about the issuer, the bond circular will also address the size of the offering. Investors that consider the offering s
