Targeted registered offerings

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Targeted registered offerings

Securities issues sold to "targeted" foreign financial_institutions according to U.S. Securities and Exchange Commission guidelines. These foreign institutions then maintain a secondary market in the foreign market.

Targeted Registered Offerings

New issues of a security in the United States that are sold to foreign companies and investors in accordance with SEC guidelines. These foreign companies and investors provide a secondary market for the targeted registered offerings in their own countries.

References in periodicals archive ?

government and government-agency bonds, corporate bonds and, recently, corporate stock have been issued under the targeted registered offering procedure.

Euroequity, the focus of this paper, is a recent financial innovation applying the targeted registered offering procedure to corporate stock.

The first section describes the targeted registered offering procedure.

To be classified as a targeted registered offering, an issue must satisfy four conditions: the registered owner overseas must be a financial institution; interest coupons or dividends must be paid to the institution outside the U.

We assume that the motivations of corporations issuing Euroequity are similar to those for issuing government bonds under the targeted registered offering procedure.

On the integration of international capital markets: evidence from Euroequity offerings