Dictionary

UK issuing house

a financial institution (usually a merchant bank) that issues shares of stock on behalf of a company that wants to become public The issuing house was active in turning small and medium sized firms into public companies.

Phrase Bank

  • They are the issuing house to the rights issue.
  • The issuing house will arrange for the issue to be underwritten by financial institutions.
  • The function of the issuing house is to manage the issue and render advice.
  • The bank acted as the issuing house for the public offer.

Additional Notes

  • An issuing house also makes sure that all regulations are followed when these issues are listed on the stock exchange.