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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This latest tap issue by AMPIL demonstrates strong institutional demand for these assets and we expect AMPIL to make further tap issues next year.
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).
This is Kensington Group PLC's ninth securitization, excluding tap issues," said Kai Gilkes, associate director at Standard & Poor's Ratings group in London.
Questions solicited quantitative and qualitative responses on a wide range of TAP issues, including corporate expenditures, management techniques, and the need for outsourced services.
The R notes are an innovative structure providing the flexibility more usually associated with traditional banking lines and utilizing the capital markets to warehouse assets in the short-term prior to refinancing via future tap issues to the term notes," said Peter Hansell, Associate Director, of Standard & Poor's Structured Finance Ratings in London.