Reoffering yield

Reoffering yield

In a purchase and sale, the yield to maturity at which an underwriter offers to sell bonds to investors.

Reoffering Yield

The yield of a municipal bond if one buys it from an underwriter and holds it until maturity.
References in periodicals archive ?
CICC, acting as the Sole Global Coordinator and Sole Bookrunner, assisted Gemdale Corporation (Gemdale or the Company) to successfully complete its USD300mm reoffering (this issuance), at a reoffering yield of 5.70%, a coupon of 6.00% and a reoffering price of 100.667.
When expressed as a yield, the interest rates governments receive are the sum of the underwriter compensation and the rate the investor gets paid (called the reoffering yield), as follows (Sorensen, 1979):
True Interest Cost = underwriter compensation + reoffering yield
Underwriters have some control over both the reoffering yield and their compensation.
Interest cost to issuers is the sum of the underwriter spread plus the reoffering yield (Sorensen, 1979).
underwriters in setting reoffering yields above market
If so, the underwriters' ability to exercise monopolistic powers in setting reoffering yields may be diminished.