View source for Best-efforts deal

1. ''Loans''.  

In the context of loans, a best efforts deal is a syndicated loan, in which the arrangers commit to only part of the total amount required, and undertake to do their best to find other lenders to join the [[syndicate]], for the remainder of the total amount required by the borrower.


2. ''Securities issuance''.

In relation to an issue of securities, a best efforts deal is an arrangement in which an agent sells securities on behalf of the issuer, but does not guarantee the amount of capital that it will raise.


== See also ==
* [[Agent bank]]
* [[Club deal]]
* [[Issuance]]
* [[Security]]
* [[Syndicated loan]]
* [[Underwritten deal]]

[[Category:Long_term_funding]]