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Bought Deal

   Also found in: Wikipedia 0.01 sec.
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.

Bought Deal
A new issue that a single underwriter purchases in order to place with investors. Most of the time, new issues are made through a syndicate of several underwriters. Likewise, most underwriters are reluctant to buy part of a new issue if they are unsure of how much demand there will be. Thus, an underwriter only agrees to a bought deal if it believes there will be a good deal of demand so that it can quickly re-sell the entire issue.

bought deal


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12 Tuesday, as the uranium producer announced that a syndicate of investment dealers have agreed to purchase 40 million common shares of Denison, on a bought deal basis, at C$2.
This means that you will save money down the line by not having to replace your carpet as soon as you would a cheaply bought deal that came without padding.
Acquisitions and Development Continue to Positively Impact Quarterly Results Outstanding Bridge Loans to Be Retired by Proceeds from Bought Deal Financing and Secured Credit Facilities CALGARY, Alberta -- Enterra Energy Trust ("Enterra" or the "Trust") (NYSE: ENT) (TSX: ENT.
 
 
 
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