- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 3. Fixed-Income Issuance and Trading
- Subject 3. Primary and Secondary Fixed-Income Markets
CFA Practice Question
A bond issuer can offer multiple bond issuances under the same master prospectus, and only has to prepare a short document when additional bonds are issued. This mechanism is known as ______.
B. shelf registration
C. simple registration
A. private placement
B. shelf registration
C. simple registration
Correct Answer: B
Upon shelf registration of a bond, the issuer does not need to prepare a new and separate offering circular.
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