Anonymous ID: ce4b18 May 13, 2018, 10:57 a.m. No.1398261   🗄️.is 🔗kun

So I looked some more at Boeing and their bond or note offerings.

 

Here's a list of the prospectus filings on the SEC website going back over time.

 

It looks like they did not go to the bond market often until starting in 2009 which coincidentally was also right after Obama got elected.

 

Also coincidentally Loop Capital begins showing up as underwriters beginning in 2009.

 

Here's a 2009 prospectus - follow the link and look at the "underwriting" section. You will see Loop Capital listed along with the amount of bonds they committed to buying as underwriters.

 

So the way it works - a company wants to issue bonds - there will be a principal amount and an interest rate. The company obligates itself to pay interest for the life of the bond - unless they redeem them early - and at maturity they pay back the bond holders the par amount of the bond.

 

Bonds are typically issued at $1,000 face value.

 

Underwriters get to buy the bonds at a discount to face value - these are disclosed in the prospectus as "underwriting discounts and commissions". So the underwriters buy them at a discount from the company and typically turn around and sell them at a price close to par or face value. (finance anon's correct me if I'm wrong here).

 

Anyway - here's the link to the 2009 prospectus anon's can see for themselves that Loop begins showing up with this bond offering.

 

https:// www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000012927&type=424b2&dateb=&owner=exclude&count=40

 

Here's the link to the SEC website for the prospectus filings - they are typically a "preliminary" and a "final" prospectus filed. For the details look at the "final" one filed as a form 424b2. The link above should be filtered for the final prospectus filings.