negotiated offering

Negotiated offering

An offering of securities for which the terms, including underwriters' compensation, have been negotiated between the issuer and the underwriters.

Negotiated Offering

A way of making a new issue of securities in which the issuer hires an underwriting firm or syndicate and negotiates all terms of the issue with them. In general, a negotiated offering involves the underwriters guaranteeing that the issue will be placed with investors at a certain price in exchange for a fee to the underwriters. It contrasts with multiple competitive bidding. Most offerings, however, are negotiated.

negotiated offering

A method by which a securities issuer selects an investment banking firm to assist in or guarantee the sale of securities on the basis of discussions and factors including the best price.
Mentioned in ?
References in periodicals archive ?
South Carolina Electric & Gas Company (SCE&G) announced on Wednesday the sale of USD425m principal amount of its first mortgage bonds, 4.10% Series due 15 June 2046 as well as USD75m principal amount of its first mortgage bonds, 4.50% Series due 1 June 2064 in a negotiated offering.
The bonds paying a coupon of 4.350% and maturing on 1 February 2042 were sold in a negotiated offering. The current debt issue is part of a series of bonds with the same terms the utility sold in January 2012.
South Carolina Electric & Gas Company, a subsidiary of SCANA Corporation (NYSE: SCG), has sold USD250m principal amount of its First Mortgage Bonds, 4.350 percent Series due February 1, 2042, in a negotiated offering.
Although there is no commonly accepted legal definition of financial advisor, when a financial firm goes beyond the role of an underwriter in a competitive or negotiated offering it often is referred to as a financial advisor.
"It was a negotiated offering and not a competitive bid," added Malter.
South Carolina Electric & Gas Company (SCE&G) reported on Wednesday the sale of USD500m principal amount of its First Mortgage Bonds, 5.10% Series due 1 June 2065 in a negotiated offering.
Scana Corporation (NYSE: SCG), an energy-based holding company in South Carolina, has sold in a negotiated offering, USD250m principal amount of its Medium Term Notes due February 1, 2022.
My own view is that while negotiated underwritings serve an important function in the municipal market, issuers should take a hard look at competitive bidding before doing a negotiated offering. In my opinion, issuers should constantly evaluate the benefits of competitive bidding as they explore financing alternatives.
South Carolina Electric & Gas Company revealed on Tuesday the sale of USD300m principal amount of its first mortgage bonds 4.50% Series due 1 June 2064 in a negotiated offering.
South Carolina Electric & Gas Company (SCE&G) reported the sale of its USD400m principal amount of its First Mortgage Bonds, 4.60% Series due 15 June 2043 in a negotiated offering.
M2 EQUITYBITES-May 6, 2011-SCANA completes negotiated offering of USD300m of medium term notes due 2021(C)2011 M2 COMMUNICATIONS http://www.m2.com
Regulated electric and gas utility company and subsidiary of SCANA Corporation (NYSE:SCG), South Carolina Electric & Gas Company (SCE&G) stated on Thursday that it sold USD250m total of its 5.450% series First Mortgage Bonds due February 2041, in a negotiated offering.