Best-efforts deal: Difference between revisions
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imported>Doug Williamson m (Category added - 13/11/13) |
imported>Doug Williamson (Expand for securities issuance.) |
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''Loans''. | 1. ''Loans''. | ||
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. | 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, an arrangement in which an agent sells securities on behalf of the issuer, but does not guarantee the amount of capital it will raise. | |||
== See also == | == See also == | ||
* [[Agent bank]] | * [[Agent bank]] | ||
* [[Club deal]] | |||
* [[Issuance]] | |||
* [[Security]] | |||
* [[Syndicated loan]] | * [[Syndicated loan]] | ||
* [[Underwritten deal]] | * [[Underwritten deal]] | ||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
Revision as of 18:54, 8 April 2018
1. Loans.
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, an arrangement in which an agent sells securities on behalf of the issuer, but does not guarantee the amount of capital it will raise.
