RE: RE: RE: Increased to 27milhere is a "bought-deal" definition I found:
In securities underwriting, a bought deal is an arrangement where (incontrast to best efforts) the entire bond or stock issue is bought (or afirm commitment is given) by a syndicate of investment bankers toensure the sale of the entire issue in the shortest possible time. A newissue that a single underwriter purchases in order to place withinvestors. Most of the time, new issues are made through a syndicate ofseveral underwriters. Likewise, most underwriters are reluctant to buypart of a new issue if they are unsure of how much demand there will be.Thus, an underwriter only agrees to a bought deal if they believe therewill be a good deal of demand so that it can quickly re-sell the entireissue.