Qualifying institutional buyer: Difference between revisions

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Wikipedia has a pretty good entry on [[QIB]]s:
{{a|repack|}}Wikipedia has a pretty good entry on [[QIB]]s:


https://en.wikipedia.org/wiki/Qualified_institutional_buyer
https://en.wikipedia.org/wiki/Qualified_institutional_buyer


This concept is relevant to {{tag|US 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.
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.


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.
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.


Not to be confused with TEFRA rules relating to [[bearer security|bearer securities]], which are tax related.
Not to be confused with TEFRA rules relating to [[bearer security|bearer securities]], which are tax related.
{{sa}}
*[[US private placement]]

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