Bookrunner

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 1
    The main underwriter or manager in equity, debt, or hybrid securities issuances, who syndicates with other investment banks in order to lower the risk.

    "Fairfax said it had entered into an agreement with a syndicate of underwriters co-led by CIBC, which will be the sole bookrunner, Bank of America Merrill Lynch and Scotia Capital, for the $1 billion offering."

Synonyms

All synonyms
syndicatorunderwriter

Example

More examples

"Fairfax said it had entered into an agreement with a syndicate of underwriters co-led by CIBC, which will be the sole bookrunner, Bank of America Merrill Lynch and Scotia Capital, for the $1 billion offering."

Etymology

From book + runner.

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