imported>Doug Williamson: Create page. Sources: Linked pages.

2023-04-08T16:31:13Z

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''Securities - sale - issue - primary market - subscription.''

Oversubscribed describes a situation in a new securities issue subscription process.

When the issue is "oversubscribed", more commitments to buy are received than the number of available securities.

:<span style="color:#4B0082">'''''Rentokil Initial's winning bond'''''</span>

:"The bookbuilding process had a strong start – the EUR books grew quickly to €3.5bn+ with the GBP book at £850m+. When the books peaked above €5bn for the euro tranches and £1.35bn for the GBP tranche, the company communicated to the market its decision to upsize all tranches to €850m/€600m/£400m...

:[The] judges said, 'This was a well-timed, oversubscribed issuance that reopened the EUR and GBP markets during a period of high volatility.'"

:''The Treasurer online, 4 April 2023 - ACT Deals of the Year 2022: Bonds above £750m winner.''

== See also ==
* [[Book build]]
* [[Issuance]]
* [[Issue]]
* [[Offer for sale]]
* [[Order book]]
* [[Primary market]]
* [[Sale]]
* [[Security]]
* [[Subscription]]
* [[Tranche]]
* [[Undersubscribed]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Oversubscribed - Revision history

imported>Doug Williamson: Create page. Sources: Linked pages.