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Rudik [331]
2 years ago
13

A syndication where the arranger agrees to provide less than the aggregate amount of the offering, but agrees to use reasonably

commercial efforts to fulfill the capital raise is known as a quizlet
Business
1 answer:
Mars2501 [29]2 years ago
7 0

A syndication where the arranger agrees to provide less than the aggregate amount of the offering, but agrees to use reasonably commercial efforts to fulfill the capital raise is known as a best efforts offering.

<h3>What do you best efforts offering?</h3>

The underwriters do not commit to acquiring all of the securities from the issuer in a best efforts offering. Underwriters consent to utilize their best efforts to market the securities to investors while acting solely as an agent of the issuer.

The promise made by a service provider to go above and beyond to carry out the terms of a contract is referred to as "best efforts." In the world of finance, an underwriter promises an issuer that they will make every attempt to sell all of the securities they are offering.

Learn more about best efforts here

brainly.com/question/15531452

#SPJ1

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