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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Yewande Sadiku, CEO, Stanbic IBTC (Nigeria), Joint Global Coordinator and Joint Issuing House
Capital), representatives from the Joint Issuing Houses, Cardinal Stone Partners Limited, FBNQuest Merchant Bank Limited, FCMB Capital Markets Limited, FSDH Merchant Bank Limited and Stanbic IBTC Capital Limited, as well as the solicitor to the listing, G.
'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.'
He resigned in December 1977 to set up his own company, City Securities Limited, which became the first institution in Nigeria to combine Issuing House and Stockbroking businesses under one roof.
According to Airtel, 501.125 million and 716.406 million shares are on offer to Nigerians, naming the issuing houses for the offer as Barclays Securities Nigeria and Quantum Zenith Securities Investments Limited.
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.
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.