Issue

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Issue

A particular financial asset.

Issue

A set of securities that a company or government offers for sale. That is, when a company sells stocks or bonds to the public (or offers them for private placement) the collection of stocks or bonds is said to be an issue. If the company or government is selling a set for the first time, it is said to be making a new issue. Typically, issues of securities may be bought and sold on the open market.

issue

A particular grouping of an organization's securities. For example, General Motors has a number of different issues of preferred stock listed on the New York Stock Exchange.

issue

To sell securities in the primary market. For example, in late 1996, Florida Panthers Holdings, Inc., owner of the NHL hockey team, issued 2,700,000 Class A shares of common stock at a price of $10 per share.

Issue.

When a corporation offers a stock or bond for sale, or a government offers a bond, the security is known as an issue, and the company or government is the issuer.

References in periodicals archive ?
Table I also shows the frequency distribution of equity issues by sector.
The primary objective of this study is to investigate whether there is a relation between announcement period abnormal returns and the sequence of equity issues for firms conducting multiple SEOs.
In this section, we examine whether there is a relation between announcement period abnormal returns and the sequence of equity issues.
Table III presents the average abnormal returns for the full sample and the three sectors for all equity announcements as well as for offerings classified by the sequence of equity issues.
We include an analysis of the domestic market response to announcement of domestic equity issues for two reasons; as a benchmark for a discussion about increased equity market integration and to increase the scarce number of degrees of freedom in the test procedures to come.
However, some restrictions remained regarding equity issues and transactions, which motivate us in the case of equity markets to set 1986 as an adequate line of demarcation.
The population of foreign equity issues by Swedish companies in the period 1981 to 1993 is 29.
This "announcement timing effect" leads us to the hypothesis that the price response to announcements of non-contaminated equity issues should be lower than the responses to contaminated announcements.
For the sample of 142 equity issues for which five-year growth in earnings is available on the I/B/E/S tapes, the average announcement period abnormal five-year growth in earnings forecast revision (LTAFR) is -0.
The results reported in Exhibit 6 indicate that with higher institutional ownership, equity issues convey less unfavorable information to analysts regarding the five-year growth in earnings and vice-versa.
McDonald, "Understanding Stock Price Behavior Around the Timing of Equity Issues," in Asymmetric Information, Corporate Finance, and Investment, R.
Jensen |13^ argues that the proceeds from an equity issue give more discretionary cash to managers which increases the likelihood of non-value maximizing behavior by them.