Underwriting and Bookbuilding
This part of the topic index contains resources on underwriting of share issues and bookbuilding. Please select the resource that you require by clicking on the relevant tab below.
3
resources
These resources are maintained, meaning that we monitor developments on a regular
basis and update them as soon as possible.
| 1 | Consideration and underwriting: takeovers A note looking at the financing of a takeover bid, comparing the three main methods; cash, loan notes and shares. The section on cash looks at the cash confirmation statement and various means of financing the cash, such as through debt finance, cash underpinning arrangements and trombone rights issues. The section on loan notes looks at hold-over relief for qualifying corporate bonds (QCBs), roll-over relief for non-QCBs and Takeover Code considerations, while the section on shares looks at pre-emption rights, and merger relief. Contingent value rights and mix and match offers are also addressed. | Practice notes | Maintained |
| 2 | The role of the investment bank: secondary issues In a secondary issue requiring a prospectus, an investment bank acting for a company will often fulfil a tri-partite role: financial adviser, sponsor and underwriter. Where the secondary issue involves a simple cash placing which does not require a prospectus or Class 1 circular, the investment bank will act as financial adviser only. This practice note looks at the duties and responsibilities of the investment bank in various circumstances. | Practice notes | Maintained |
| 3 | Underwriting and bookbuilding An overview of underwriting and bookbuilding in connection with an initial public offering (IPO). | Practice notes | Maintained |