09 November 2016 – auction newsletter No 5
Auction two results
A total of £16.33 million of market capacity involving 19 syndicates underwriting this year was successfully auctioned at a total value of £5.17 million.
Subscription offers (offers to buy) totalled £352.02 million and tenders (offers to sell) totalled £65.56 million during the auction held on 8 – 9 November.
This auction is the second of three auctions being held in November.