Underwriter 

The securities dealer who purchases a bond or note issue from an issuer and resells it to investors. If a syndicate or selling group is formed, the underwriter who coordinates the financing and runs the group is called the senior or lead manager.

The difference between the offering price to the public by the underwriter and the purchase price the underwriter pays to the issuer. The underwriter?s expenses and selling costs are usually paid from this amount.

 

 

 

 

 

 

 

 

 Home | About us | Contact us | Disclaimer |

Copyright © 2009 - 2012 - All Rights Reserved