A bond placement is the process of selling a new bond issue often to an intitutional investor. For a company in need of financing, this a typical transaction arranged through an investment banker.
Florida Bond placement agreement
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215.47. (5) The State Board of Administration shall also act as the trustee of any sinking funds or other funds if the proceedings which authorized the issuance of such bonds provide for a trustee of such funds and no bank or trust company is designated as trustee of such funds in such proceedings.
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