Zync Corporation decides that instead of simply offering a block of its debt securities for sale to the investment banker that submits the highest price, it should come up with a plan with a single investment banker. The procedure that the company has decided to follow is known as a _____.

Question

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A negotiated deal is when an issuer, such as Zync Corporation, selects a single investment banker to work with and negotiate the terms of the debt security sale. This is in contrast to a competitive bid where multiple investment bankers submit competing offers for the debt securities or a best-efforts arrangement where the investment banker agrees to use its best efforts to sell the securities, but there is no guarantee of a sale. A trade-through arrangement involves routing an order to multiple exchanges or market centers to obtain the best possible price, and financial intermediation refers to the process of connecting savers and borrowers through financial institutions.

Zync Corporation Decides That Instead of Simply Offering a Block