Syndicate or Underwriting Syndicate
A group of underwriters formed to buy a bond issue from the issuer and then offer the bonds for resale to the public.
bond-basics
Manager or Co-Manager
One or more members of a bond Underwriting Syndicate that has primary responsibility for managing the Syndicate.
Life’s a Party
Learn more about the various parties involved in a municipal securities transaction and their roles.
See Also
Underwriter
A securities broker or dealer that purchases bonds from an issuer and resells them to investors.
Start with the Bond Basics
Hundreds of Terms and Concepts
Weighted Average Maturity
Generally, the weighted average maturity of a bond issue is the sum of the product of the issue price of each maturity of the bond issue multiplied by the number of years from the closing until that maturity date divided by the issue price of the entire bond issue.