Pre-sold issue

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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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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.
The building is located directly across the street from the hugely successful Trump International Hotel and Tower, which has already pre-sold 75% of its units at an average asking price of approximately $900 per square foot.
So, how does the typical SME that sources it products domestically or internationally purchase its pre-sold goods without having a surplus of accounts receivable?
With heavy ad and catalog exposure, BlackHawk products are pre-sold to your customers.
Units 26-29 totalling 7,962 sq ft have been pre-sold to Broxwood Associates for a total price equating to approximately pounds 80 per sq ft.
TORRANCE - Lexus said Tuesday that it had 9,000 pre-sold orders for its upcoming 2006 RX 400h gas-electric hybrid SUV as of the end of August.
When approximately 80 percent of a particular "development phase" has been pre-sold (10 percent deposits received, etc.
Pre-Sold Homes Break Financing Barriers for Developers,
Management Anticipates "Gerona Gardens" Project to Generate $2 Million in Revenue Sparked By Current Surge in Pre-Sold Housing Orders
The Admiral condominium towers virtually sold out within weeks of initial marketing, and more than 75% of The BayView units have been pre-sold.
When he's ready for a designated homedefense scattergun, he is pre-sold on a Winchester with a short barrel and an extended magazine that runs all the way to the muzzle.