Glossary entry

Spanish term or phrase:

que, por primera vez en los últimos meses, no ha alcanzado los objetivos máximos de emisión

English translation:

which, for the first time in recent months, has not reached the maximum issuance targets,

Added to glossary by Taña Dalglish
Oct 21, 2018 10:41
5 yrs ago
10 viewers *
Spanish term

alcanzar los objetivos maximos de emision

Spanish to English Bus/Financial Business/Commerce (general) las bolsas
Las dudas sobre Grecia, que se plantea dejar el programa de rescate antes de tiempo, y una subasta del Tesoro espanol que, por primera vez en los ultimos meses, no ha alcanzado los objetivos maximos de emision, ha disparado las ventas entre los inversores.

I would appreciate your help with "no ha alcanzado los objetivos maximos de emision". What are the objetivos maximos de emision at a subasta del Tesoro? TIA for your help/suggestions.
Change log

Nov 4, 2018 11:08: Taña Dalglish Created KOG entry

Discussion

What are the objetivos maximos de emision at a sub An auction of treasury bonds is a matter of price and volume. Market participants would make several offers - e.g. I take 2 mill @ 99 or 1 mill @ 100 or 0,5 mill @ 101. Treasury would compile these and set the price, and sell accordingly. As the price is unknown at the time of bidding, treasury would set a minimum and maximum amount of bonds they are willing to sell - and give the market participants information about the issuance (i.e. the supply).
I believe the maximum objective should equal the maximum amount.

A problem with the text is that it is unclear about what the objective is - as only treasury would really know the objective, and the objective would depend on pricing.....<br>
José Patrício Oct 21, 2018:
to reacht the maximuns targets of emission (issue of stock)
Lorna O'Donoghue (asker) Oct 21, 2018:
maximum target? https://www.ethex.org.uk/whats-a-maximum-target_1740.html
The maximum target is the maximum amount of funds a new project can raise, representing the maximum number of shares or bonds that can be issued. If there is very strong demand for the offer, this can occasionally be increased, for example by reducing bank lending by a corresponding amount. The project directors may also decide to close an offer early if the full amount is raised before the closing date. These options should be set out clearly in the share offer document or prospectus.

Proposed translations

+4
41 mins
Selected

which, for the first time in recent months, has not reached the maximum issuance targets,


CRISIS ECONÓMICA
Wall Street frena las caídas de las bolsas tras el "miércoles negro"
www.lasemana.es/periodico/noticia.php?cod=38024
16 oct. 2014 - El principal índice de Bolsa española, el Ibex 35, ha bajado un 4,7% hasta los 9.388 puntos. Tras este descenso, que ha devuelto al selectivo a los niveles de diciembre del año pasado, las ventas han notado una moderación del 3,15%. En el resto de Europa, el Cac francés ha bajado un 3%, el Dax alemán otro 3,15%, y Milán un 2,7%. Después del hundimiento del pasado miércoles, los inversores incrementan sus ventas como pueden, y el Ibex y la prima de riesgo son los principales perjudicados.

... de tiempo, y una subasta del Tesoro español que, por primera vez en los últimos meses, ***no ha alcanzado los objetivos máximos de emisión*** ...


ECONOMY
The main Spanish stock index, the Ibex 35, has dropped by 4.7% to 9,388 points. After this decline, which has returned the selective to the levels of December last year, sales have noticed a moderation of 3.15%. In the rest of Europe, the French Cac fell by 3%, the German Dax by another 3.15%, and Milan by 2.7%. After the collapse last Wednesday, ......



http://www.tesoro.es/en/deuda-publica/noticias/spanish-treas...
The Spanish Treasury announces the issuance goals of the next auctions.
(10/15/18)
Auction: 16th October.
Treasury Bills 3 & 9 months.



Doubts about Greece, which is planning to leave the rescue programme early, and a Spanish Treasury auction which, for the first time in recent months, has not reached the maximum issuance targets, have boosted sales among investors.


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Note added at 49 mins (2018-10-21 11:30:33 GMT)
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http://www.tesoro.es/en/deuda-publica/subastas/resultado-ult...

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Note added at 14 days (2018-11-04 11:08:21 GMT) Post-grading
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Thank you.
Peer comment(s):

agree Enrique Bjarne Strand Ferrer : I would prefer "maximum amounts", which is the terminology used in the markets. Before an auction treasury set a min and a max amount of issuance.
21 mins
Thanks. But I am not quite sure I understand. http://www.tesoro.es/en/deuda-publica/noticias/spanish-treas... refers to the "maximum/minimum amounts", yes, but also the "issuance goals" (prefer "issuing" targets)
agree patinba
3 hrs
Thank you Pat.
agree Lydianette Soza
3 hrs
Gracias Lydia.
neutral Francois Boye : treasury issuance
10 hrs
agree Luis M. Sosa : Very good
1 day 2 hrs
Muchas gracias Luis. Muy amable.
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4 KudoZ points awarded for this answer. Comment: "Selected automatically based on peer agreement."
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