Maturity by Maturity Bidding - MBM


DEFINITION of 'Maturity by Maturity Bidding - MBM'

A bond auction that allows bidders (who are underwriters) to submit bids for selected maturities in its issue, rather than requiring buyers to bid for the entire issue on an all-or-none (AON) basis.

BREAKING DOWN 'Maturity by Maturity Bidding - MBM'

This gives smaller underwriting firms more flexibility, allowing them to bid for part of the issue.

  1. Bond

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  3. Maturity Date

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    1. The process by which investment bankers raise investment capital ...
  5. All Or None - AON

    A condition used on a buy or sell order to instruct the broker ...
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