What is the Preliminary Official Statement (POS)?
• A POS is the offering statement or disclosure statement for a municipal security. The POS contains the relevant information about the issuer and the bond issue that a potential investor should consider before purchasing the bonds. The official statement provides the terms of the bonds such as maturity and interest rates, an explanation of the security and pledge of revenues supporting the bonds, as well as the other investment considerations you should take into account before buying the bonds.
