CUSIP Number
A unique identification number assigned to a bond by the Committee on Uniform Securities Identification Procedures (“CUSIP”).
bond-basics
Numbering
Bonds are generally designated with a letter and a number. The correct procedure for designating the Bonds can be found in the Indenture or Bond Resolution. To further identify the Bond, each single Bond is numbered consecutively from one upwards. For example, each Bond could carry the letter “R” followed by a hyphen and a number. Therefore, the first Bond would be labeled “R-1.” If more than one series of Bonds are being issued at the same time or in the same year, the Bonds would carry the letter “R” followed by a letter. Under such a convention, the first Bond of the first series would be labeled “RA-1” and the first Bond of the second series would be labelled “RB-1” to avoid duplicate numbering.
Preparing Bonds
Learn about over various terms and concepts that may arise while preparing a bond issue.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Pricing
In a competitive sale, it is the term used for when the bids on the bonds are received by the issuer. In a negotiated sale, it is the term used for the process and result of the determination by the underwriter(s) and the issuer of the Interest Rates and public offering prices at which the bonds…