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 market conditions. The New York Times Financial Glossary

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lead-manage ˈlead-ˌmanage verb [transitive] FINANCE
to organize a syndicated loan (= a loan to one borrower by many lenders ) or aSecurities Issue (= the sale of new bonds, shares etc ) :

• The bond issue was lead-managed by Nomura Securities.

— lead manager noun [countable] :

• Elsevier named Swiss Bank Corp. as the lead manager for its bond offering.

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lead manager UK US noun [C] (also lead underwriter, managing underwriter) FINANCE
the financial organization that is responsible for managing the sale of new bonds or shares in a company or loans that several banks have joined together in making: »

The company's underwriting department is lead manager for the share sale.

»

The firm served as managing underwriter on sales of $268.5 million of long-term debt.


Financial and business terms. 2012.

Look at other dictionaries:

  • 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 — lead bank A bank or other financial institution chosen to underwrite a new issue of bonds or to head a syndicated bank facility It is usually chosen either because it has a close relationship with the borrower or because it has been successful in …   Big dictionary of business and management

  • 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 — 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

  • lead manager — (U.K.) Fin a lead underwriter …   The ultimate business dictionary

  • Lead Manager — (ведущий организатор выпуска) инвестиционный банк или инвестиционная компания; управляет синдикатом банков дилеров и размещает ценные бумаги. Так как ведущему организатору выпуска обычно достается большая доля выпуска, для него более важно… …   Ипотека. Словарь терминов

  • Lead Manager — federführende Bank an der Spitze eines ⇡ Emissionskonsortiums. Vgl. auch ⇡ Bookbuilding …   Lexikon der Economics

  • lead manager — /li:d mænɪdʒə/ noun a person who organises a syndicate of underwriters for a new issue of securities …   Dictionary of banking and finance

  • 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… …   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

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