Issuance costs

Issuance costs are those expenditures associated with underwriting and issuing debt and equity securities. Issuance costs include the following:

  • Audit fees
  • Investment banking fees
  • Legal fees
  • Marketing expenses
  • Securities and Exchange Commission (SEC) registration fees

Issuance costs do not include any expenditures that must be made by a publicly-held company on an ongoing basis, such as control audits, annual financial statement audits, quarterly reviews, stock exchange fees, or ongoing SEC filings.

Related Courses

Corporate Cash Management 
Corporate Finance 
Treasurer's Guidebook