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. Bloomberg Financial Dictionary
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A means of issuing Eurobonds. The lead manager of the issuer buys the whole issue on predetermined terms and price and then places the bonds with its own clients. Dresdner Kleinwort Wasserstein financial glossary
See also fixed price reoffer. Dresdner Kleinwort Wasserstein financial glossary
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Commitment from an underwriter or lead manager to purchase the whole issue of a security for resale to the secondary market. This method transfers the risk of being unable to sell a whole issue at the offering price from the issuer to the underwriter.
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bought deal UK US noun [C]
► STOCK MARKET, FINANCE an arrangement in which a company sells shares to a bank or financial organization, which then sells the shares to investors: »
The bank handled a bought deal of one million shares, buying at £697 and selling at £700.
Financial and business terms. 2012.