What is described in a notice of sale?

A notice of sale serves to provide important information regarding the bond sale, including the terms under which the bonds are being offered. This typically encompasses details such as the date and time of the sale, the amount of bonds being sold, the interest rate, and the method of sale (e.g., competitive or negotiated). By outlining these terms, the notice of sale aims to give potential investors a clear understanding of how the sale will be conducted and what they can expect, thereby facilitating the bidding process.

The other choices do not capture the primary focus of a notice of sale. Although it may contain some information relevant to potential purchasers, the primary emphasis remains on the specific terms of the bond sale itself rather than ongoing financial projections or repayment schedules.