breaking the syndicate

Breaking the syndicate

Terminating an agreement among underwriters, specifically the investment banking group assembled to underwrite the issue of a security.

Breaking the Syndicate

The act of the members of a syndicate parting ways at the end of the relationship. A syndicate is a group of underwriters who work together to place an issue with investors. Once the issue is placed (or once it becomes clear that no more of the issue can be placed), the syndicate is said to break. Every syndicate is a temporary arrangement.

breaking the syndicate

The termination of a syndicate of investment bankers organized to underwrite an issue of securities. Following the breaking of the syndicate, its individual members are free to dispose of remaining securities without price restrictions.