The Municipal Securities Rulemaking Board (MSRB) today released a short video that explains the roles of key participants involved when a state or local government borrows money from the investing public by issuing a bond. The Issuance Process seeks to clarify for state and local government issuers the distinct roles of underwriters and municipal advisors so that they can understand the nature of their relationships with each of these entities throughout the issuance process. The video continues the MSRB’s award-winning multimedia strategy to provide municipal market education to state and local governments and investors.
http://www.msrb.org/msrb1/events/Outreach/Issuer-Education.asp