underwriting syndicate

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Related to underwriting syndicate: Securities Act of 1933

Underwriting syndicate

A group of investment banks that work together to sell new security offerings to investors. The underwriting syndicate is led by the lead underwriter. See also: Lead underwriter.


1. In banking, a group of banks that each lend an amount of money to a borrower, all at the same time and for the same purpose. The banks in a syndicate cooperate with each other for the duration of the project, even if they are otherwise competitors. Bank syndicates usually only lend large amounts of money. Every syndicate is a temporary arrangement.

2. In investment banking, a group of underwriters responsible for placing a new issue of a security with investors. As with banking syndicates, the members of an underwriting syndicate work together for the duration of the project. Every syndicate is a temporary arrangement. It is also called a purchase group or a selling syndicate.

underwriting syndicate

See syndicate.
References in periodicals archive ?
The bonds are scheduled to sell via negotiation the week of July 18, 2005 through an underwriting syndicate headed by RBC Dain Rauscher Inc.
The lead manager of the common share underwriting syndicate was A.
The offering will be made through an underwriting syndicate led by J.
The offering was made through an underwriting syndicate led by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co.