Bonds issued by the Metropolitan Washington Airports Authority may be purchased in the primary or secondary market from brokers. When the Airports Authority offers a new issue of bonds, there usually is a retail order period that is advertised to the public. Bonds are offered only by the related official statement, copies of which are available from your broker. You should consult your investment advisor for further details. Commissions and fees vary by firms. The Airports Authority is not permitted to provide investment advice. The Securities and Exchange Commission regulates securities firms, financial markets and investment advisors.
Metropolitan Washington Airports Authority’s fixed-rate bonds are generally issued in $5,000 denominations as fully registered in book-entry bonds, without physical certificates or coupons. Bond transactions are recorded in electronic computerized book entry form by the Depository Trust Company ("DTC"), a New York limited purpose trust company and member of the Federal Reserve System. DTC is a registered clearing agency under the Securities Exchange Act of 1934, and holds securities for participants. Direct participants include securities brokers and dealers, banks, trust companies, clearing corporations, and certain other organizations. Purchase of the book entry bonds under the DTC system must be made by or through the direct participants who will receive a credit for the bonds on DTCs computerized records. The direct or indirect participants are in turn responsible for keeping accurate records of their individual clients' holdings and issuing written transaction confirmations and periodic account statements to the individual clients. Under this system individual bondholders do not receive physical certificates representing their ownership of the bonds, but should receive account statements of their holdings from their securities broker.
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The information contained on this website has been included for general informational purposes only and provides general financial information about the Airports Authority. The information is intended for quick reference only and is not an offer to sell or a solicitation of an offer to buy any bonds or other securities issued by the Airports Authority. No person should make any investment decision in reliance upon the information contained herein.
An Official Statement or other offering document for any new offering of bonds or other securities by the Airports Authority may be obtained from the broker-dealer firms listed on this website in connection with such offering.
No dealer, broker, salesperson or other person has been authorized to give any information or to make any representation other than as contained in the Official Statement or other offering document for the particular offering of bonds or other securities and, if given or made, such other information or representations must not be relied upon.
The information and expression of opinion herein are subject to change without notice. There is no implication that there has been no change in information and expressions of opinion herein or in the affairs of the Airports Authority since the date any information on this website was first made available or, if such information is dated, as of its dated date. Any statements involving matters of opinion or estimates, whether or not expressly so stated, are intended as such and not as representations of fact and may or may not occur.
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