What document provides the most comprehensive details about a new municipal issue?

The Official Statement is the document that provides the most comprehensive details about a new municipal issue. It serves as a disclosure document designed to inform potential investors about the specifics of the investment. This includes essential information such as the purpose of the bonds, the security backing the bonds, the financial condition of the issuing municipality, and the terms and conditions of the bond offering.

The Official Statement typically contains detailed financial information, specific use of proceeds, and relevant legal disclosures, making it a vital resource for investors to evaluate the risks and benefits of the municipal bonds being offered. This extensive information helps investors make informed decisions regarding their investments, ensuring transparency in the municipal bond market.

In contrast, a Blue List provides information about available municipal securities and their pricing but is not as detailed as the Official Statement. The Notice of Sale presents the details surrounding the sale of the securities but lacks the in-depth analysis and financial data present in the Official Statement. A Tombstone Advertisement is a brief announcement that indicates that a new issue is available, providing limited information primarily intended for promotional purposes.