new issue market

Activity was also light in the new issue market, although one deal did raise some eyebrows.

With interest rates rising, activity in the new issues market was quiet yesterday.

Is the new issue market ready to fly again?

There are indications that the new issue market is getting jittery.

"As long as the new issues market holds up relatively well, I think the stage is set for continuation."

"To the degree that the secondary market is volatile, it'll hurt the new issue market in a major way."

Hence it's also called new issue market.

Robertson finds fault with those who compare the new issues market to a window, sometimes open, sometimes shut.

In other words, securities which have already passed through the new issue market are traded in this market.

The new issue market does not include certain other sources of new long term external finance, such as loans from financial institutions.

Much of that pickup was related to the firm's strong performance in underwriting equity offerings, particularly in the new issue market.

Aside from the new issue market, secondary trading of most outstanding junk bonds continues to be light, said portfolio managers and dealers.

Therefore it is also called the new issue market (NIM).

The pace of business in the new issues market was much brisker, and a number of new offerings were priced.

Borrowers in the new issue market may be raising capital for converting private capital into public capital; this is known as "going public."

In the 1980s the United Kingdom New Issue market in equities has been affected by two major developments.

Building on a data base for USM companies, this research analyses the resurgence of activity in the New Issues Market.

"The new issues market is driven by the overall demand for small-company stocks," said Robert Natale, director of equity research at Standard & Poor's.

In the new issue market, the General Cinema Corporation offered $125 million of 15-year subordinated notes through an underwriting syndicate led by the First Boston Corporation.

Three-Year Note Offering A $100 million offering of three-year notes by the Norwest Financial Corporation topped the new issue market yesterday.

In the taxable new issue market, the Midlantic Corporation priced $100 million of ten-year notes through an underwriting syndicate led by Morgan Stanley & Company.

While some braggarts may claim huge gains in 1995's red-hot new issues market, and while dozens of deals have doubled or tripled in price, the truth about profits is much more modest.

Given these factors, in particular the fact that default premia tend to vary over the trade cycle, it is not a trivial task to isolate factors related to competition in the new issue market.

WITH the stock market continuing its phenomenal ascent and interest rates holding steady, stock and bond underwriting reached record levels last quarter, putting the new issues market on course to have its best year.

"The recent volatility in the marketplace and the rise in interest rates has begun to affect the new issue market," Brian Hehir, co-chief of global equity markets at Merrill Lynch & Company, said.