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| {{a|repack|}}Wikipedia has a pretty good entry on [[QIB]]s:
| | #redirect[[qualified institutional buyer]] |
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| https://en.wikipedia.org/wiki/Qualified_institutional_buyer
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| This concept is relevant to [[U.S. persons]] who are purchasing {{tag|debt securities}} in offerings which are not SEC registered. Generally {{tag|US persons}} cannot buy from public offers of securities that are not registered with the SEC (known as {{tag|Regulation S}} issues - it includes most {{tag|Eurobond}}s issued in the London market.
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| There is an exemption - the Rule 144A exemption, which applies to private offers of securities to [[QIB]]s. QIBs are basicvally "big boys" who do not require SEC protection to make these investments. They must hold the securities for a certain period before selling them.
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| Not to be confused with TEFRA rules relating to [[bearer security|bearer securities]], which are tax related.
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| {{sa}}
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| *[[US private placement]]
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Latest revision as of 17:21, 28 February 2023