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Pre-Sold Issue
(redirected from Pre-Sold)

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Pre-sold issue
An issue that is sold out before the coupon announcement.

Pre-Sold Issue
An issue of a security, especially a bond, that is completely placed with investors before it is actually issued and before all relevant details, notably the price, are announced. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion the new issue. Pre-sold issues occur almost exclusively with municipal and other government bonds, mainly because most other issues must register all their details with the SEC before they are allowed to place them. See also: Subscribed.


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The development of the new distribution centre will be pre-sold to LIDL France on a forward funding basis for a total consideration of euro 28 million.
A small portion of stainless steel purchases is pre-sold "back to back" and all electrical steel is pre-sold.
One unit at the 49,000 sq ft Saturn Court has already been pre-sold to local company Thorite, which was keen to snap up commercial space in an area where there is a shortage of small units available to purchase.
 
 
 
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