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 ?
Yewande Sadiku, CEO, Stanbic IBTC (Nigeria), Joint Global Coordinator and Joint Issuing House
IBTC Chartered Bank won the Best Issuing House Award while the award for the Investment Bank of the Year went to JP Morgan.
The company is licensed by the Securities & Exchange Commission and the Central Bank of Nigeria to provide Issuing House and Financial services functions, respectively.
Issuing house Fondshaus Hamburg - a member of the Ahrenkiel Group - and Essen-based HOCHTIEF Solutions AG have jointly launched a new real estate investment company.
At a press briefing on the situation in the Lagos capital market, stakeholders under the auspices of the Chartered Institute of Stockbrokers (CIS), Association of Stockbroking Houses of Nigeria (ASHON) and Association of Issuing Houses of Nigeria (AIHN) asked the Central Bank of Nigeria (CBN) to establish a N200 billion intervention fund for market makers as a short-term measure to stave off the downward trend orchestrated by selling foreign portfolio investors.
One of the stakeholders, an immediate past council member and chairman of Association of Issuing Houses of Nigeria (AIHN), Victor Ogiemwonyi, believes the new president can be trusted to deliver as he had taken active part in the affairs of the NSE since he came on board last year.
It's almost 23 billion Naira larger than the previous large issue which is also by Lagos state," a representative of the joint issuing houses and book runners to the deal, Bolaji Balogun, told journalists shortly after the deal was struck.
These funds come from private investors, insurance companies, banks, pension funds arranged by issuing houses and merchant banks, he added.
These include, among others, developing a prospectus, identifying underwriters and issuing houses, and selecting the stockbrokers.
Kathleen Burk is particularly strong on the processes of privatization and in showing how information flowed and leaked among merchant banks, issuing houses, the steel companies, the Bank of England, and the government.
The issuing houses also look out for banks with rich experience in the business and they are comfortable with Sterling Bank based on our past experience".
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.