Glossary entry

English term or phrase:

launching a tap

French translation:

lancer une émission d'obligations d'Etat / d'obligations publiques

Added to glossary by Marcombes (X)
Jun 4, 2018 14:16
5 yrs ago
English term

launching a tap

English to French Law/Patents Law: Contract(s)
(i) launching a tap (i.e. additional issuance) of an amount of EUR 150 million of EC Finance’s outstanding HY Notes which benefit from guarantees provided by Europcar International S.A.S.U. and Europcar Mobility Group SA. and will have the same terms and be of the same series as the previously issued HY Notes; and (ii) including to the Transaction the companies of the Goldcar group, the “Envisaged Amendments”.
Change log

Jun 11, 2018 08:33: Marcombes (X) Created KOG entry

Proposed translations

-1
5 hrs
English term (edited): launching (issuing) a tap
Selected

lancer une émission d'obligations d'Etat / d'obligations publiques

"High-yied" elles peuvent être hautement rentables - "Tap stocks" sont des obligations d'Etat qui accroissent la dette et évitent des frais
A tap issue is usually a government security, such as a Treasury bill. The borrowing issuer announces the availability of the issue and accepts bids for a specified time period. The issue is sold at a fixed price or for a price dependent on the demand for the debt instrument.

This method of issuing additional debt was adopted by the British and French governments. Tap issues allow an organization to avoid certain transaction or legal costs and expedite fund raising.

Read more: Tap Issue https://www.investopedia.com/terms/t/tap_issue.asp#ixzz5HUE5...
Peer comment(s):

disagree Daryo : Asker has forgotten to remove the names of the parties involved in this deal // I can't see any State involved, only companies ... CL5 about that,
1 day 1 hr
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4 KudoZ points awarded for this answer. Comment: "merci"
39 mins

lance une émission en continu

launch a tap [issuance]

"Central Government Debt: Statistical Yearbook 2007
https://books.google.be/books?isbn=9264032649
OECD - 2007
Tap issues The DMO will only use taps of both conventional and index-linked gilts for market ... L'émission en continu la plus récente a eu lieu le 6 août 1999."
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55 mins

effectuer une émission en continu

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Note added at 57 minutes (2018-06-04 15:13:38 GMT)
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https://www.proz.com/kudoz/english_to_french/finance_general...
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