Business and Personal Finance Dictionary

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• COST OF ISSUANCE
  
  All expenses associated with the sale of a new issue which are not part of the Underwriter's Discount. These can include legal fees, printing costs, and rating agency fees among others. Cost of Issuance can be recovered from bond proceeds, and are included in the calculation of the All-In TIC as a deduction from bond proceeds for the PV target.
  
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