Tender Panel

DEFINITION of 'Tender Panel'

A method of financing pursuant to the sale of Euro notes through a revolving underwriting facility. Tender panels consist of a select group of 15 to 20 commercial and investment banks and receive permission from a borrower to solicit bids on a best-efforts basis to finance a project. The tender panel also functions as a selling agent for the banks that arrange the credit facility.

BREAKING DOWN 'Tender Panel'

Tender panels are used to place medium-term Euro notes with large numbers of investors. They also separate the bank originating the issue from the purchasing banks. This effectively reallocates the credit risk among a large number of participants.
 

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RELATED FAQS
  1. What happens to the shares of stock purchased in a tender offer?

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  2. Why would it be in the interest of shareholders to accept a tender offer?

    Learn when it is in the best interests of shareholders to accept a tender offer. A tender offer is a bid to buy a large portion ... Read Answer >>
  3. How is a tender offer used by an individual, group or company seeking to purchase ...

    Learn how tender offers are used in takeover attempts, and understand the difference between a hostile takeover and a friendly ... Read Answer >>
  4. What usually happens to the price of a stock when a tender offer for shares of the ...

    Learn what happens to the price of a stock when a tender offer is made public. Some of the most contentious takeovers have ... Read Answer >>
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  6. If a company offers a buyback of its shares, how do I decide whether to accept the ...

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