From time to time NADB issues debt securities with maturities and terms based on market conditions at the time of sale. The debt securities may be sold to dealers or underwriters, who may resell them in public offerings or otherwise, or they may be sold by the Bank directly or through agents. The terms of the debt securities being offered at a particular time and the manner of their distribution will be described in a prospectus, offering memorandum or supplemental information statement.