Definitions for "bought deal"
An offering in which the underwriter (or syndicate) buys all the shares and...
Some SECURITIES offerings are not arranged as either FIRM COMMITMENT UNDERWRITINGS or BEST EFFORTS UNDERWRITINGS. The BOUGHT DEAL is a variation used for the underwriting of BONDS.
An arrangement where a broker buys all of a new issue of shares and sells them on to investors at a small premium.
Keywords:  bulge, bracket, comfort, letter
bulge bracket comfort letter
an arrangement by which a merchant bank or investment bank finds buyers for bonds before they are even offered for sale.