Underwriting is assuming risk.
A current example is HBOS share issue. Underwritted by Morgan Stanley and Deutsche Kleinwort. No one bought them, Morgan Stanley and Deutsche Kleinwort had to,
Posted By: Johnny Comecardiff on August 7th 2008 at 10:15:47
Message Thread
- "Underwrite" (NCFC) - Mr Creosote, Aug 7, 10:06:55
- All you need to know is here (NCFC) - Partial Angler, Aug 7, 10:26:38
- Underwriting is assuming risk. (NCFC) - Johnny Comecardiff, Aug 7, 10:15:47
- So that means that (NCFC) - Mr Creosote, Aug 7, 10:18:54
- Depends on the context. (NCFC) - Johnny Comecardiff, Aug 7, 10:22:17
- So that means that (NCFC) - Mr Creosote, Aug 7, 10:18:54
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