回复: 有请高手点评:美国最安全的投资项目,西雅图520大桥EB-5项目。
When a municipal issuer borrows funds for a public purpose, it often does so through the capital markets by issuing bonds. This usually involves working with broker-dealers and banks, as underwriters, who agree to purchase all of the bonds offered by the issuer and then to resell those bonds to investors.
The moneys paid by the underwriters to the issuer for the purchase of the bonds represent the loan proceeds that the issuer will use for its public purposes.
Underwriters generally do not retain the bonds but instead market them to investors, who effectively become lenders to the issuer and who receive the loan repayments as payments of principal and interest on the bonds.
Many different types of investors invest in the municipal securities market, ranging from individuals, banks, insurance companies, trusts, mutual funds, hedge funds, corporations, foreign entities and others.