underwriting agreement


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Related to underwriting agreement: underwritings

Underwriting agreement

The contract between a corporation issuing new publicly offered securities and the managing underwriter as agent for the underwriting group. Compare to agreement among underwriters.

Underwriting Agreement

A contract between the issuer of a security and a managing underwriter stating the responsibilities and rights of each party as the security is placed with investors. The underwriting agreement may state the size of the new issue, the percentage of the sale that the underwriters are allowed to keep, and whether or not it is sold on a best efforts basis, among other things. The contract helps define and avoid problems before they start.

underwriting agreement

A written contract between a company planning a public securities issue and the managing underwriter of that issue. The agreement specifies the particulars of the issue such as dates, fees, offering price, and the responsibilities of the parties. Compare agreement among underwriters.
References in periodicals archive ?
'We at CapCorp wanted to emphasise our faith in this investment opportunity by signing an underwriting agreement with Capivest,' said CapCorp deputy chief executive officer Alaa Al Roumi.
The offer was priced at a premium of about 1.65 percent to the volumeweighted average price for trades done on both the Philippine Stock Exchange and the Singapore Exchange Securities Trading Limited on Tuesday, the day on which the underwriting agreement was signed.
The Company has been advised by Patersons Securities Limited that the Underwriting Agreement for the first A$5.5 million of the SPP will be extended to the revised closing date unless it is withdrawn pursuant to various terms of the agreement including but not limited to market conditions, Central's Share Price and other considerations.
The issuance is in accordance with an underwriting agreement, dated October 19, 2011, between Barclays and Stuart Investment Management Limited.
The issuance, which has a final maturity date of February 23, 2018, follows an underwriting agreement between Barclays (LSE: BARC) (NYSE: BCS) and Mackie Research Capital Corporation dated February 23, 2011.
Augusta Resource Corporation (TSX:AZC)(NYSE Amex: AZC), a Canada-based company that explores for base metals, has entered into an underwriting agreement for a bought deal financing with a syndicate of underwriters led by Wellington West Capital Markets Inc.
Trilogy Metals is pleased to announce that it has entered into an underwriting agreement with a syndicate of underwriters led by Cantor Fitzgerald Canada Corporation, acting as sole lead underwriter and book-running manager, and including Cormark Securities, BMO Capital Markets and Roth Capital Partners, under which the Underwriters have agreed to buy on a bought deal, underwritten basis 21,551,724 common shares of the Company at a price of $1.16 per Offered Share for aggregate gross proceeds of approximately $25M.
(NuVista or the Company) announced that it has entered into an underwriting agreement to sell, on a private placement basis, $220 million aggregate principal amount of 6.50% senior unsecured notes due March 2, 2023 (the "2023 Notes").
Distribution utility Algonquin Power & Utilities Corp (TSX:AQN) (NYSE:AQN) reported on Friday the completion of USD576m bought deal offering pursuant to an underwriting agreement with a syndicate of underwriters.
According to the firm, the lock-up restrictions will also be waived as to the selling stockholders immediately prior to the execution of the underwriting agreement to enable them to offer and sell shares in this proposed offering.
UK's Barclays Bank Plc (LSE: BARC) (NYSE: BCS) has said that it has issued CAD6m principal amount of Extendible Step-up Deposit Notes, Series I-32 with a final maturity date of August 31, 2021, as per an underwriting agreement dated August 26, 2011 between Barclays and Stuart Investment Management Limited.
Perth, Australia, June 15, 2011 - (ABN Newswire) - In accordance with ASX Listing Rule 3.11.3 Mutiny Gold Ltd (ASX:MYG), ("Mutiny" or "the Company") is pleased to announce that it has entered into an underwriting agreement with an unrelated party, Vennor Ross Holdings Pty Ltd (Underwriter), to underwrite the listed 10c options due to expire at 5.00pm (AEST) on 30 June 2011 (MYGO).