tap issue

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Tap Issue

An issue of a bond that is not placed immediately with investors. That is, the issuer authorizes the bond and makes it available, but holds it back until it needs or desires the cash flow that the sale of the issue would bring. The French and British governments are the most common tap issuers. A tap issue is also called tap stock.

tap issue

the issue of TREASURY BILLS and BONDS by the Bank of England at a predetermined price to government departments, which have short-term financial surpluses as a means of covering some of the financial deficits of other government departments. Contrast TENDER ISSUE.
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On 1 March 2016, the Ministry of Finance made the first coupon payment on the new Eurobonds issued by Ukraine in November 2015 as a part of the completed debt operation with sovereign and sovereign guaranteed debt as well as after three tap issues as part of the restructuring of external borrowings of the City of Kyiv, Ukravtodor and Yuzhnoye State Design Office.
Taxpayers wishing to comment on TAP issues can visit TAP online, call (888) 912-1227 or write (IRS, Room 7704 IR TA:TAP, Washington, DC 20224).
Questions solicited quantitative and qualitative responses on a wide range of TAP issues, including corporate expenditures, management techniques, and the need for outsourced services.
This latest tap issue by AMPIL demonstrates strong institutional demand for these assets and we expect AMPIL to make further tap issues next year.
For FHLB Tap issues, the actual amounts underwritten are
This is Kensington Group PLC's ninth securitization, excluding tap issues," said Kai Gilkes, associate director at Standard & Poor's Ratings group in London.