Comments on: What’s a syndicated bond? A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: DavidMerkel Wed, 31 Mar 2010 18:49:25 +0000 I would derive from the article that a syndicated auction is an auction where investment banks solicit orders with amounts, and prices/yields, not just amounts.

When financing was easier to come by, governments would do issue more solo deals, where one investment bank ran the books, even if multiple banks were in the deal. The governments were in the driver’s seat on global deals due to many competitors for the business; they could wring concessions from the one investment bank running the books of the deal.