bought deal


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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

References in periodicals archive ?
(OTC: GGBXF) reported Thursday the closing of a bought deal short-form prospectus offering of units of the company for aggregate gross proceeds of CA$50.23 million ($37.7 million).
Precious metals producer Great Panther Mining (TSE:GPR) (NYSEAmerican:GPL) unveiled Friday plans for a US$15 million bought deal financing to be used, among other things, to enhance the recently acquired Tucano gold mine in Brazil.
Alexco Resource is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada, as sole bookrunner, pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 6.5M common shares at a price of $1.00 per Offered Share for aggregate gross proceeds of approximately $6.5M.
BANKING AND CREDIT NEWS-March 18, 2019-Northern Dynasty enters USD10.0 million bought deal with Cantor Fitzgerald
M2 EQUITYBITES-March 18, 2019-Northern Dynasty enters USD10.0 million bought deal with Cantor Fitzgerald
Global Banking News-March 18, 2019-Northern Dynasty enters USD10.0 million bought deal with Cantor Fitzgerald
Osisko Gold Royalties Ltd (the Corporation or Osisko) is pleased to announce that it has closed its previously announced bought deal offering of convertible senior unsecured debentures of the Corporation (the Debentures) in an aggregate principal amount of C$300 million (the Offering).
The offering was underwritten on a bought deal basis by a syndicate of underwriters led by BMO Capital Markets.
International Resource News-April 12, 2016--Silver Wheaton completes bought deal public offering of 33,135,000 common shares
Richmont Mines is increasing the amount of its previously announced bought deal financing from $30 million to $34 million as it works to accelerate the expansion of its Island Gold Mine in northeastern Ontario.
The share sale was conducted on a bought deal basis via a syndicate of underwriters led by Scotiabank and TD Securities Inc.
ACE Aviation Holdings Inc (TSX:ACE.A), a Canadian holding company with various aviation interests including Air Canada, reported yesterday that it has completed the sale of 44m Class B voting shares of Air Canada in a secondary offering on a bought deal basis.