What should U.S. members of an underwriting group led by a foreign manager/bookrunner report on TIC Form S for new offerings of foreign long-term securities?
U.S. members of an underwriting group led by a foreign manager/bookrunner should report the amount of issue taken from the manager/bookrunner in column 10 (Sales by Foreigners of Foreign Bonds) or, column 12 (Sales by Foreigners of Foreign Stock), as appropriate. The amount taken should be reported opposite the country location of the foreign lead manager/bookrunner. In addition the U.S. members should report sales made directly to foreign residents in column 9 (Purchases by Foreigners of Foreign Bonds) or, column 11, (Purchases by Foreigners of Foreign Stocks).
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