Seasoned issue

Seasoned issue

Issue of a security for which there is an existing market. Related: Unseasoned issue.

Seasoned Issue

An issue of a security that has been traded long enough to establish a positive reputation for liquidity and trade volume. Seasoned issues tend to have relatively stable prices and meet with success on the secondary market.
References in periodicals archive ?
Lastly, we drop 697 accelerated offers and 595 SEOs that occur within a year of the firm's last seasoned issue, which results in a final sample of 4,651 seasoned equity offers.
Next, we examine a dummy variable that is equal to one if the offer price of the seasoned issue is revised upward from the original filing price.
Issue is the dollar value of the seasoned issue stated in millions.
Changes in the adverse-selection component around seasoned issue announcements Change in adverse-selection component (t-statistic, Panels A and B) and [z-statistic, Panel C] event days Sample -3 Panel A: event firms only Full (N = 135) -.
Thus, non-unit offerings should display a higher propensity to follow up an IPO with a seasoned issue in comparison to unit issues.
The letter states, in part, "While we are supportive of the Commission's overall objective of providing increased flexibility in the registration process, we believe that the universal shelf registration process currently available to large seasoned issues is working very well.
In fact our investment portfolio consisting mostly of diversified, seasoned issues reflected a net mark-to-market gain of $468,297 as of December 31, 2008.
All seasoned issues of straight common equity made by US industrial corporations listed on the NYSE, Amex, or Nasdaq for which complete information is available are included in the sample unless they are mainly secondary offerings by existing shareholders or are offered by a company that had another issue already in the sample.
Altinkilic and Hansen (2003) find underpricing of approximately 3% for seasoned issues.
The slower prepayments of the moderately seasoned issues are of special significance because these securities represent the majority of the seasoned pass-throughs that are traded.
The evidence regarding seasoned issues is less conclusive; however, the option models appear more accurate.