bought deal
C2CEFR level
85/100Rarity: very rare
TechnicalRegister
An underwriting in which the bank commits to purchase the entire issue at a fixed price before marketing it.
They offered a bought deal at a two-point discount, so the issuer got certainty and the bank took the placement risk.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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