What is the primary market for bonds?

Last Updated: 21 Mar 2017

The primary market is where the Government or a company originally issues the bonds. In many cases, an initial issue is offered through a prospectus and investment statement (called ‘offer documents’). Terms of the sale are set out in the offer documents along with a complete description of the issuer and a range of associated statutory information that is required by law.

The secondary market is where you are purchasing bonds previously issued. This makes up the main market for bonds.

For more information visit our guide on Fixed Interest Securities.

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