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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My deliberations on central bank tap stock issues and the unitisation of investment trusts never seemed to swell the sales at the newsagents which were managed by pictures of Una from Ulswater.
Hong Kong: Asian bourses are bracing for more insurance IPOs over the next year, after AIA Group Ltd s expected record offer next month, with regulatory changes and higher capital requirements forcing companies to tap stock markets.