launching a tap

Spanish translation: ampliar la emisión

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:launching a tap
Spanish translation:ampliar la emisión
Entered by: patinba

18:58 Jun 5, 2018
English to Spanish translations [PRO]
Bus/Financial - Law: Contract(s) / financial conditions in a contract
English term or phrase: launching a tap
Buenas!

Se trata del acta del consejo administrativo de una empresa y hablan de temas financieros:

In this regard, it has been agreed to further modify the Transaction by: (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 xxx and xxxx

En la versión en francés lo han traducido como "lanzamiento de una emisión en continuo"... Pero la verdad es que yo no entiendo el significado de "tap" aquí...

Any help?

Gracias!
Lorrainita
Local time: 05:38
ampliar la emisión
Explanation:
A tap issue is a procedure that allows borrowers to sell bonds or other short-term debt instruments from past issues. The bonds are issued at their original face value, maturity and coupon rate, but sold at the current market price.
Tap Issue - Investopedia
https://www.investopedia.com/terms/t/tap_issue.asp

Aunque encontré una confirmación para "emisión contínua" (ver tap issue en Proz p.ej.) , lo que te propongo creo que se entiende mucho mejor. Las emisiones de bonos se aprueban por el directorio, pero no necesariamente se emiten por el total aprobado. Posteriormente el emisor puede ampliar la emisión del mismo bono "by tapping it" (aprovechando la emisión anterior).

También se habla de "reapertura de emisiones"

tap bond - Traducción al español – Linguee
https://www.linguee.es/ingles-espanol/traduccion/tap bond.ht...
which Latin American borrowers tap international bond markets. ... los de una anterior emisión [es decir, cuando se produzca una emisión continua (tap) de una ...

With the recent increased interest in reopenings of outstanding debt issues given the current market climate, we have prepared this note to explain the applicable U.S. Federal tax issues.

One of the requirements for the reopening (or “tap issue”) of a previous issue of bonds or other debt instruments that has been sold into the United States is that both the previous issue and the new issue be treated as a single, fungible issue for U.S. tax purposes.

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patinba
Argentina
Local time: 01:38
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Summary of answers provided
3ampliar la emisión
patinba


  

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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
ampliar la emisión


Explanation:
A tap issue is a procedure that allows borrowers to sell bonds or other short-term debt instruments from past issues. The bonds are issued at their original face value, maturity and coupon rate, but sold at the current market price.
Tap Issue - Investopedia
https://www.investopedia.com/terms/t/tap_issue.asp

Aunque encontré una confirmación para "emisión contínua" (ver tap issue en Proz p.ej.) , lo que te propongo creo que se entiende mucho mejor. Las emisiones de bonos se aprueban por el directorio, pero no necesariamente se emiten por el total aprobado. Posteriormente el emisor puede ampliar la emisión del mismo bono "by tapping it" (aprovechando la emisión anterior).

También se habla de "reapertura de emisiones"

tap bond - Traducción al español – Linguee
https://www.linguee.es/ingles-espanol/traduccion/tap bond.ht...
which Latin American borrowers tap international bond markets. ... los de una anterior emisión [es decir, cuando se produzca una emisión continua (tap) de una ...

With the recent increased interest in reopenings of outstanding debt issues given the current market climate, we have prepared this note to explain the applicable U.S. Federal tax issues.

One of the requirements for the reopening (or “tap issue”) of a previous issue of bonds or other debt instruments that has been sold into the United States is that both the previous issue and the new issue be treated as a single, fungible issue for U.S. tax purposes.



patinba
Argentina
Local time: 01:38
Native speaker of: Native in EnglishEnglish
PRO pts in category: 570
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