Definitions for "Negotiated Underwriting"
A securities offering process in which the purchase price paid to the issuer and the public offering price are determined by negotiation rather than through competitive bidding.
In a negotiated underwriting or sale, the issuer of municipal securities chooses one underwriter or a group of underwriters to sell its bonds to investors. There is no competitive bid for the issue.
An underwriting where the price difference between the purchase price paid to the issuer and the IPO price is negotiated rather than by competitive bidding.