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Pre sold issue |
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Pre sold issueAn issue that is sold out before the coupon announcement.Pre sold issue Similar MatchesUnseasoned issueUnseasoned issueIssue of a security for which there is no existing market. See: Seasoned issue. New issueNew issueStrictly, the issue by a company of new shares, enlarging its share capital and often the number of shareholders on its register. But new issue is often used to refer to an Initial Public Offering (IPO) - the process in which a company is admitted to the Official List of the LSE (or to AIM) for the first time and issues new shares to the public as part of that exercise. New issues which are also IPOs can be handled in four ways:as an 'offer for sale' direct to the public at large, where the shares are offered at a predetermined price.as a tender offer, where the public are invited to make an offer for the new shares, and allocations are made on the basis of price. as a private placing to institutions, which effectively means that private investors can only get shares in the secondary market.as an 'Introduction' where the company is admitted without issuing any new shares. Bonus issueBonus issueSee: 'scrip issue'. Reopen an issueReopen an issueThe Treasury, when it wants to sell additional securities, will occasionally sell more of an existing issue (reopen it) rather than offer a new issue. Oversubscribed issueOversubscribed issueInvestors are not able to buy all the shares or bonds they want, so underwriters must allocate the shares or bonds among investors. This occurs when a new issue is underpriced or in great demand because of growth prospects. Further Suggestionsissue priceBenchmark issue Seasoned issue Current coupon issues House of issue County Court re issue fee seasoned issue Original issue discount debt (OID debt) When issued (WI) Cheapest to deliver issue Foreign targeted issue Issued share capital Junior issue issuer issued share capital Date of issue Original Issue Discount securities (OIDS) bargain issue Overissue Specific issues market unissued stock capitalisation issue Euroequity issues Singapore Issues New issues market |
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