undersubscribed


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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.

undersubscribed

Of or relating to a new issue of securities for which demand from investors is less than the number of securities to be issued.
References in periodicals archive ?
Furthermore, maturity expectations on OMO instruments worth N375.4 billion saw the issuance of another OMO tranche on Thursday in an offer worth N400.0 billion which was also largely undersubscribed.
The Department for Education said: "Following a request from the Leadership, Education And Partnership (LEAP) trust the Department for Education has agreed to the closure of Baverstock Academy, which has been in Special Measures since November 2014 and is undersubscribed. Our priority is to ensure all children receive the best possible education and where that is not happening action must be taken.
Meanwhile, troubled Eastern High School remains heavily undersubscribed after a damning inspection report triggered Estyn's 'special measures.'.
Flintshire has 4,295 surplus places across its 80 schools, meaning that one in six places are unfilled, and thousands of pounds are being spent on running undersubscribed classrooms.
The BHA will next week begin a three-month trial of removing undersubscribed races from the calendar, one of a number of measures announced in October designed to tackle the problem of small fields.
6) If the exchange offer is undersubscribed, CBS would use additional exchange offers or a special dividend to all CBS shareholders to complete the disposition of its CBSO shares.
If the offer is undersubscribed, CBS will launch additional exchange offers or a special dividend to all CBS shareholders to complete the divestment of its CBS Outdoor shares.
Sina Weibo, China's answer to Twitter, debuted on the Nasdaq exchange on Thursday with a 19.1 per cent jump despite an IPO that went out undersubscribed and lower priced than hoped.
Beijing: Sina Weibo, China's answer to Twitter, debuted on the Nasdaq exchange on Thursday with a 19.1 per cent jump despite an initial public offering (IPO) that went out undersubscribed and lower priced than hoped.
Who'd have thought that the dressage, canoe slalom and stool-pigeon shooting would be so heavily undersubscribed, especially when you have to shell out a mere week's wages to watch?
A Romanian issue in the middle of last month was undersubscribed, while Serbia's 53-week local currency yield reached 14.25% on July 4.
Yields on government debt reached unsustainable multi-year highs in recent months as foreign investors waited on the sidelines, and several treasury auctions were undersubscribed.