A bond prospectus is a legal document that provides detailed information about a bond offering. It includes essential data such as the bond's interest rate, maturity date, and the issuer's financial health. Investors use this document to assess the risks and benefits of purchasing the bond. The prospectus also outlines the terms of the bond, including any covenants or restrictions. It is designed to help potential investors make informed decisions and is required by regulatory bodies like the Securities and Exchange Commission (SEC) to ensure transparency in the bond market.