tap issue

(redirected from Tap Issues)

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
Mentioned in ?
References in periodicals archive ?
Thekwini 12 subsequently issued additional tranches under three tap issues in November 2014, February and April 2015, respectively.
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).
Fitch has withdrawn the ratings for lack of information, including detailed information on the two tap issues, in December 2015 and March 2016, which Fitch did not rate.