Treasury Offering

Treasury Offering

The sale of a company's treasury shares to investors. Treasury shares are stock that a publicly-traded company issues but does not place with investors, or which it has bought back from shareholders. Selling treasury shares to the public can be a less expensive way for the company to raise capital because the amount it spent issuing them previously is a sunk cost. However, it should be noted that a treasury offering is not necessarily beneficial to shareholders as it can cause dilution of holdings.
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Release date- 28082019 - Premium Income Corporation (the 'Fund') is pleased to announce that it has completed the previously announced treasury offering of 1,335,100 Preferred Shares and 1,335,100 Class A Shares for gross proceeds of approximately $27.77 million.
Indirect bidding should be decent with the Treasury offering a healthy 275 bp pick-up to the same German maturity.
Interested small investors can buy retail treasury bonds (RTBs) online from two state-run lenders starting Tuesday, February 26, with the Bureau of the Treasury offering an initial P30 billion in five-year IOUs.
The proposed pay increases will be funded from departmental savings, rather than the Treasury offering new funds, The Sun reported.
announced a successful overnight treasury offering of class A and preferred shares.
The company will use the net proceeds from the treasury offering, together with debt financing and cash on hand to finance the acquisition of Sky Betting & Gaming, mobile-led betting and gaming operator.
(the Company) is pleased to announce that it has completed the previously announced treasury offering of class A shares and preferred shares for aggregate gross proceeds of approximately $38.6 million.
The Committee advocates underwriting of nuclear construction risk with the Treasury offering 'loan guarantees'' to nuclear power, reputedly on the basis of 35-40 year contracts - no prizes for guessing what that will mean for our electricity bills.
In an investor's note, John Nadel of Sterne Agee in New York said while the Treasury offering was "somewhat smaller than expected," he sees the latest sale as part of a series of events regarding AIG securities likely to unfold over the next several months.
In an investor's note, John Nadel of Sterne Agee in New York says that while the Treasury offering was "somewhat smaller than expected," he sees the latest sale as part of a series of events regarding AIG securities likely to unfold over the next several months.
HSBC, SWIFT and SAP are jointly creating the next generation of HSBC Connect to SAP, the bank's corporate-to-bank integration and treasury offering for firms running SAP ERP systems.
Gross proceeds raised in the CoolBrands treasury offering are approximately $15,000,000, which proceeds, net of the underwriter's CoolBrands also announced that it has closed its sale of 3,750,000 special warrants issued from treasury to a syndicate of underwriters led by Sprott Securities Inc.