What amount will the issuer receive per bond in a public offering priced at $1,000?

In a public offering, the amount that the issuer receives per bond can be less than the face value, which is commonly $1,000 for corporate bonds, due to costs associated with the offering or market conditions. The choice of $990 indicates that the bonds are being issued at a slight discount. This can happen for a variety of reasons including market interest rates being higher than the coupon rate of the bond, making the bond less attractive at face value.

Offering the bonds at $990 means that the issuer effectively receives less than the face value but still manages to sell the bonds in a competitive market. Discounts can also be used strategically by issuers to attract more investors or to compensate for other terms associated with the bond such as lower coupon rates.

This showcases how market dynamics can affect the pricing of bonds, leading to the issuer receiving an amount lower than the stated par value of $1,000 in this scenario.