Underbooked

(redirected from Under-Subscription)

Underbooked

Describes limited interest by prospective buyers in a new issue of a security during the preoffering registration period.

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.

underbooked

Of, relating to, or being a new security issue in which investment bankers find a general lack of interest among investors before the issue date.
References in periodicals archive ?
Under-subscription, funding pressures and the withdrawal of sponsors have cast doubt over the long-term viability of schools in the Hexham, Haltwhistle and Haydon Bridge areas.
INDICATIONS emerged at the close of last week trading that low activities in the market led to under-subscription at the last auctioning of treasury bills for 2017, at the Open Market Operations (OMO) conducted by the Central Bank of Nigeria (CBN).
But as the equity market started to melt, companies put a brake on floating Initial Public Offerings (IPOs) for fear of under-subscription.
Guinigundo said the Bureau of the Treasury's (BTr) sale of P130 billion worth of fixed-rate, five-year retail treasury bonds (RTB) last week is one of the main reason for the huge under-subscription.
There was under-subscription at the auction,' Tetangco said in a text message to reporters.
He said: "Halewood Academy has had to review its sixth form provision due to a reduction in funding and student under-subscription.
Tightening of monetary policy has been effective in stabilizing the exchange rate but tight liquidity conditions have contributed to persistent under-subscription of treasury bills and bonds.
Having received the money as bridge finance, the sponsors often tended to delay IPOs for the fear of under-subscription.
He said: "The minister has increased the capital budget of the Irish medium sector five-fold over the past two and half years despite there being a clear under-subscription of some 830 places.
Global Banking News-30 July 2008-Egypt's NBD reports under-subscription of rights issue(C)2008 ENPublishing - http://www.
Recent developments support Fitch's expectation of modest growth, including the under-subscription of requests by tribes for Class III slot licenses made available by the state government in October 2009 (of the 10,549 licenses made available a little more than 3,500 were requested).
In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance equity shares shall be added to the net QIB potion.