题目
A mechanism by which an issuer may be able to offer additional bonds to the general public without preparing a new and separate offering circular best describes:
选项
A.the grey market.
B.a shelf registration.
C.a private placement.
答案
B
解析
： B is correct. A shelf registration allows certain authorized issuers to offer additional bonds to the general public without having to prepare a new and separate offering circular. The issuer can offer multiple bond issuances under the same master prospectus, and only has to prepare a short document when additional bonds are issued. A is incorrect because the grey market is a forward market for bonds about to be issued. C is incorrect because a private placement is a non-underwritten, unregistered offering of bonds that are not sold to the general public but directly to an investor or a small group of investors. ： B是正确的。货架登记允许某些授权发行人向公众发行额外债券，而无需编制新的单独发行通知。发行人可以在同一主招股说明书下多次发行债券，只需在增发债券时准备一份简短的文件。 A是不正确的，因为灰色市场是即将发行的债券的远期市场。 C是不正确的，因为私募是一种未经承销、未经登记的债券发行，不向公众出售，而是直接向部分投资者出售。