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Bookrunner
Practical Law UK Glossary 3-107-6506
(Approx. 3 pages)
Glossary
Bookrunner
The bank responsible for:
Maintaining the book of orders for securities in a syndicated offering of securities; or
Managing the primary syndication of a
syndicated loan
(allocating debt to the syndicate, exercising
market flex
, declaring the deal free to trade) .