fixed price reoffer

fixed price reoffer
A means of issuing Eurobonds where the lead manager of the issue distributes the bonds to the management group who then place the bonds on with their clients. They are not however permitted to place the bonds at a price below the fixed price agreed in advance until the syndicate is broken. The syndicate is only broken by the lead manager when most of the issue has been placed at the fixed price. The purpose of this rule is to ensure that when managers bid to participate in the management group, they bid at prices which are realistic. Dresdner Kleinwort Wasserstein financial glossary
See also bought deal. Dresdner Kleinwort Wasserstein financial glossary

Financial and business terms. 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • fixed price offer — A method of implementing an offer for subscription or offer for sale. When a company is issuing shares, it will invite applications for shares at a predetermined price under a fixed price offer. The benefit of this is that it eliminates… …   Financial and business terms

  • bought deal — security issue in which one or two underwriters buy the entire issue. Also known as a guaranteed or fixed price sale; opposite of a best efforts sale. Bloomberg Financial Dictionary A means of issuing Eurobonds. The lead manager of the issuer… …   Financial and business terms

  • security — /si kyoor i tee/, n., pl. securities, adj. n. 1. freedom from danger, risk, etc.; safety. 2. freedom from care, anxiety, or doubt; well founded confidence. 3. something that secures or makes safe; protection; defense. 4. freedom from financial… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”