Some information found on a municipal bond confirmation is only relevant to new issues. One example of this type of information is

The following can be found on a Municipal Bond (MB) confirmation is:

the conditions of payment of interest and principal of the bond.

Explanation:

MBs are a type of debt security sold by government and or organizations trying to raise capital. People who purchase the bonds are called bondholders. The bonds are usually given out at a predetermined interest rate.

The terms of payment define how and when the payment will be made. For instance, some bonds start to yield biannually until the principal is paid back. If it is a 3-year bond, then the principal is returned after three years.

Following from the explanation above, a typical term of payment of interest and principal would look like this:

Bond to Mature after three years with a biannual interest of 3%

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