Standardized legal document used for the marketing of high yield bonds. The OM should contain all the public information available which could be relevant for an investor when assessing a potential investment in a particular bond issuance. It includes details on the envisaged transaction, the capitalization, the use of proceeds from the bonds, a detailed financial overview and management discussion & analysis of the historical results, an overview of the company and the industry it operates in, a list of potential risks coming from investing in the bonds, the detailed legal terms of the bond issuance, as well as multiple other legal and regulatory disclosures.