Book runner

Book runner

The managing underwriter for a new issue. The book runner maintains the book of securities sold.

Lead Arranger

In investment banking, an underwriting firm that leads a syndicate. A syndicate is a group of underwriters responsible for placing a new issue of a security with investors. Every syndicate is a temporary arrangement. The lead arranger assigns parts of the new issue to other underwriters for placement and usually takes the largest part itself. It is also called a managing underwriter or a syndicate manager or, less formally, a book runner.
References in periodicals archive ?
The recently introduced regulations inter alia prescribes the eligibility criteria, procedure and conditions for public offering including, procedure of bidding, appointment of book runner, registration of book runner, registration of the eligible investors, duties and responsibilities of the issuer, the Offerer, the book runner and the designated institution the institution providing the book building system; procedure for making bids, time period for bidding, basis of allotment etc.
Summary: Mashreq acted as the mandated lead arranger, book runner and facility agent for the syndication.
DNB Bank served as administrative agent and joint book runner.
Dubai-based Noor Islamic Bank, as initial mandated lead arranger and book runner with ABC Islamic Bank, National Bank of Abu Dhabi and Standard Chartered Bank, has closed a $300-million dual currency Murabaha facility for Turkey's Bank Asya.
Morgan Stanley (NYSE: MS) has acted as sole global coordinator and joint book runner for the offering.
as Co-Lead Arranger and Joint Book Runner, Royal Bank of Canada as Co-Documentation Agent, RBC Capital Markets as Co-Lead Arranger and Joint Book Runner, Wells Fargo Bank, National Association as Co-Documentation Agent, Wells Fargo Securities, LLC as Co-Lead Arranger and Joint Book Runner and Raymond James Bank, FSB as additional lender.
as Syndication Agent, Co-Lead Arranger and Joint Book Runner, Royal Bank of Canada as Co-Documentation Agent and RBC Capital Markets as Co-Lead Arranger and Joint Book Runner and Wells Fargo Bank, National Association as Co-Documentation Agent and Wells Fargo Securities, LLC as Co-Lead Arranger and Joint Book Runner.
Banc of America Securities LLC will serve as sole book runner and joint lead manager with Salomon Smith Barney Inc.
Emaar Properties has hired HSBC Holdings (LSE: HSBA) and Emirates NBD as book runners for the initial public offering of its retail arm.
Global Banking News-November 1, 2010--Deutsche Bank and HSBC to be book runners for Codelco's placement(C)2010 ENPublishing - http://www.
The acting senior book runners are BofA Merrill Lynch, JP Morgan, SunTrust Robinson Humphrey and Wells Fargo Securities LLC and additional book runners include BB&T Capital Markets, BMO Capital Markets, Deutsche Bank Securities, Morgan Stanley and UBS Investment Bank.