Debt Capital Markets · glossary

Managers

The two banks that run the issue, Hollinde Bank and Strelmond Bank. They find the investors, agree to buy the Notes from Valkenrade and sell them on, for a combined commission of €900,000. They also set the Notes’ target market. Prospectus, Subscription and Sale · Chapter 1 · see Subscription agreement

Explained in Chapter 1, What a Bond Is, and Why a Company Issues One, of Debt Capital Markets.

How it comes up, in Chapter 1
Two banks run the issue as the Managers. They find the investors, agree to buy the bonds from Valkenrade and pass them on. They earn a commission for this. They also do its everyday banking, so a successful bond helps them keep a good client.
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Where this term lives

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