noun, noun or participle which takes 'suru'
publicly offered bond; public issue bond
A bond issued to the general public through public offering, as opposed to private placement. Used in financial contexts.
その会社は新たに公募債を発行して資金を調達した。
The company raised funds by issuing new publicly offered bonds.
私募債 is a privately placed bond offered to a limited number of investors, while 公募債 is offered to the general public.
Compound of 公募 (public offering) + 債 (bond).