Meaning of bookrunner | Babel Free

Definitions

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

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.”

CEFR level