| 单词 | issue by tender |
| 释义 | issue by tender = 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: |
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