Lead Manager/Underwriter

Lead Manager/Underwriter
   The institution awarded the mandate by a borrower to raise money via a bond or loan or share issue. The lead manager guarantees the liquidity of the deal, arranges the syndication of the issue and undertakes a major underwriting and distribution commitment. For bonds or loans, the lead manager forms a syndicate of co-lead managers, co-managers and underwriters. For share issues the underwriters guarantee to sell a certain number of shares at a certain price.
   ► See also Mandate.

Financial and business terms. 2012.

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  • lead manager — In the context of a bond issue, the lead manager is mandated by the bond issuer to arrange the transaction. Commonly will also be the bookrunner, that is, the bank which arranges the syndication. + lead manager / lead underwriter USA lead manager …   Law dictionary

  • Lead Manager — Ein Konsortialgeschäft (engl. underwriting syndicate), ist ein meist von mehreren Banken, die alle als Underwriter fungieren, durchgeführtes Geschäft wie z. B. ein Börsengang (Emissionskonsortium). Inhaltsverzeichnis 1 Anwendung 2 Rechtsnatur 3… …   Deutsch Wikipedia

  • Lead manager — The commercial or investment bank with the primary responsibility for organizing syndicated bank credit or bond issue. The lead manager recruits additional lending or underwriting banks, negotiates terms of the issue with the issuer, and assesses …   Financial and business terms

  • lead manager — Subordinate to an arranger. Bloomberg Financial Dictionary * * * lead manage ˈlead ˌmanage verb [transitive] FINANCE to organize a syndicated loan (= a loan to one borrower by many lenders ) or aSecurities Issue …   Financial and business terms

  • Joint Lead Manager — Ein Konsortialgeschäft (engl. underwriting syndicate), ist ein meist von mehreren Banken, die alle als Underwriter fungieren, durchgeführtes Geschäft wie z. B. ein Börsengang (Emissionskonsortium). Inhaltsverzeichnis 1 Anwendung 2 Rechtsnatur 3… …   Deutsch Wikipedia

  • underwriter — The investment bank, commercial bank, or brokerage firm that works with an issuer to sell a new issue. Issuers may select underwriters by obtaining bids or on a negotiated basis. Potential underwriters may form groups called underwriting… …   Financial and business terms

  • Underwriter — A party that guarantees the proceeds to the firm from a security sale, thereby in effect taking ownership of the securities. Or, stated differently, a firm, usually an investment bank, that buys an issue of securities from a company and resells… …   Financial and business terms

  • lead underwriter — USA lead manager, Also known as lead underwriter. If there is more than one managing underwriter participating in a registered offering of securities, one (or sometimes more) of the managing underwriters is designated as the lead manager(s), with …   Law dictionary

  • lead underwriter — The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. Bloomberg Financial Dictionary * * * lead underwriter UK US noun [C]… …   Financial and business terms

  • Lead Bank — A bank that oversees the arrangement of a loan syndication. The lead bank is paid an additional fee for this service, which involves recruiting the members and negotiating the financing terms. In the eurobond market, the lead bank acts in an… …   Investment dictionary

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