issuing house

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Issuing House

A bank or other financial institution that registers, distributes, and sells a security on the primary market on behalf of another company. For example, if a company wishes to make an initial public offering, it may hire an issuing house to register the IPO with the SEC and make arrangements to underwrite it. See also: Underwriter.

issuing house

a division of a MERCHANT BANK or similar organization that arranges and UNDERWRITES the issue of new STOCKS and SHARES on behalf of corporate clients, for an agreed fee. See SHARE ISSUE.

issuing house

a financial institution (often a part of a MERCHANT BANK) that arranges and underwrites the issue of new STOCKS and SHARES on behalf of corporate clients on the STOCK EXCHANGE. See SHARE ISSUE.
References in periodicals archive ?
The nine leading issuing houses involved in the deal are Chapel Hill Denham, Zenith capital, Radex, Stanbic IBTC Bank Plc, First bank Capital, Vetiva, Skye Finance Service, AFR invest West Africa Ltd and FCMB capital.
In his contribution, Mr Niyi Omojola, Partner, Head of Investment Banking, Constant Capital Partners Limited remarked that, 'Constant Capital, the lead issuing house in this transaction, crafted a unique and innovative investment structure which enabled the Sterling SPV Bond share in the same investment grade rating as Sterling Bank Plc, thereby enlarging the range of potential investors in the bond.
WINNERS have emerged at the 2018 NSE CEO Awards, a platform put together by the Nigerian Stock Exchange (NSE) since 2012 to reward and motivate listed companies, dealing member firms, fund managers and issuing houses to attain higher levels of corporate governance, compliance and performance that reinforce investor confidence in the Nigerian capital market.
Also, FBNQuest Merchant Bank Limited, ARM Securities Limited and Stanbic IBTC Capital Limited were adjudged winners of the award for Issuing Houses with the Highest Number of Debt Issuance (Corporate Bonds) based on the value of new transactions approved and listed on the Exchange.
I21 banks and three discount houses comprise its trading member and money market instruments listing members and top SEC-registered capital market issuing Houses make up the bond listing members.
Also present at the ceremony were the sponsor of the Bond on FMDQ and the Registration Member (Listings), Stanbic IBTC Capital Limited (Stanbic IBTC Capital), and representatives from the Joint Issuing Houses, ARMSecurities Limited, FBNQuest Merchant Bank Limited, United Capital PLC and Zenith Capital Limited, aswell as the solicitors to the listing, The New Practice, KB and Company, Udo Udoma and Belo-Osagie, amongst others.
'We are very pleased to have worked with our advisors, Stanbic IBTC Capital Limited as Lead Issuing House, along with ARM Securities Limited, FBNQuest Merchant Bank Limited, FCMB Capital Markets Limited, United Capital PLC and Zenith Capital Limited as Joint-Issuing Houses, on a highly successful transaction.'
The meeting held between representatives of the lead and joint issuing houses APT Securities and Funds Ltd and WSTC Financial Services Ltd and the Security and Exchange Commission (SEC).
At a signing ceremony, the board of the company, issuing houses and other professional parties rounded off the pre-offer processes with the formal signing of the offer documents including the rights issue circular, posters and other agreements.
Capital Assets Limited and Compass Investments and Securities Limited are the stockbrokers to the rights issue while Cordros Capital Limited and Afrinvest (West Africa) Limited are the issuing houses.
Uduk also explained that the CMC has set up a sub-committee on the possibility of the electronic Initial Public Offering (e-IPO) and submit a report in three weeks, while It was noted that various stakeholders within the market, such as the NSE, Capital Market Registrars and the Association of Issuing Houses of Nigeria (AIHN), have deliberated on the e-IPO in the past.