Oversubscribed
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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.
- Rentokil Initial's winning bond
- "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.
