reopen an issue
Reopen an issue
The Treasury, when it wants to sell additional securities, will occasionally sell more of an existing issue (reopen it) rather than offer a new issue.
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reopen an issue
In U.S. Treasury financing, to sell additional securities of an existing issue rather than to offer a new issue with different terms. If the market for debt has changed since the existing issue was sold, reopening the issue will require a revised selling price to make the securities competitive in the current market.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.