undersubscribed


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Underbooked

Describing a situation in which investors show a lack of interest in a new issue of a security. Before a new issue, underwriters canvass potential investors, who may or may not book an order to buy a portion of the new issue. If investors do not show interest, the security is said to be underbooked. This may affect the price when the security is actually issued. See also: Fully circled.

undersubscribed

Of or relating to a new issue of securities for which demand from investors is less than the number of securities to be issued.
References in periodicals archive ?
With funding for schools being largely driven by pupil numbers, the surplus capacity means a "disproportionate" amount of funding is being spent on buildings and "fixed costs" of running undersubscribed schools, such as on leadership and administration.
Although this has the potential to bring electricity bills to almost nil, the schemes have been undersubscribed.
17 lakh shares via the OFS route was undersubscribed
HMRC bosses say the awardwinning nursery is undersubscribed and plan to close it along with seven other nurseries in the UK.
Who'd have thought that the dressage, canoe slalom and stool-pigeon shooting would be so heavily undersubscribed, especially when you have to shell out a mere week's wages to watch?
A Romanian issue in the middle of last month was undersubscribed, while Serbia's 53-week local currency yield reached 14.
Auction data excludes bonds in undersubscribed auctions.
Yields on government debt reached unsustainable multi-year highs in recent months as foreign investors waited on the sidelines, and several treasury auctions were undersubscribed.
Assistant head teacher Simon Bowler said: "Last year we were slightly undersubscribed, so these figures show that we are a school which is on the rise.
Additionally, recruits who enter into specialist or undersubscribed roles can also gain a Golden Hello, with accelerated promotion also achievable for those with GCSE qualifications.
On the IPO front, Euroset yesterday shelved its planned initial placement after the offering was undersubscribed, according to a Bloomberg report.
The council decided to close Fartown High because it was consistently undersubscribed.