16 November 2016 – auction newsletter No 7
Auction three results
A total of £21.14 million of market capacity involving 17 syndicates underwriting this year was successfully auctioned at a total value of £6.42 million.
Subscription offers (offers to buy) totalled £365.09 million and tenders (offers to sell) totalled £113.67 million during the auction held on 15 – 16 November.
This auction is the third and final auction being held in 2016.