= sale by tender

A method of issuing shares on the London Stock Exchange in which an issuing house asks investors to tender for them. The stocks or shares are then allocated to the highest bidders. It is usual for the tender documents to state the lowest price acceptable. This method may be used for a new issue or for loan stock (see debenture),

but is not frequently employed.

Compare:

introduction, offer for sale, placing, public issue.

• non-participating preference share
• non-performing loan
• non-recourse finance
• non-resident
• non-revolving bank facility
• non-statutory accounts
• non-systematic risk
• non-taxable income
• non-underwritten
• no-par-value
• normal distribution
• Normal Market Size
• normal retirement age
• normal yield curve
• North American Free Trade Agreement
• nostro account
• notary public
• note
• note issuance {(}or purchase{)} facility
• note issuance {(or purchase) }facility
• notes to financial statements
• notes to the accounts
• notice day
• notice in lieu of distringas
• noting