Glossary entry

Swedish term or phrase:

Teckna emissionen

English translation:

Subscribe for (journo: sign up to) the issue

Added to glossary by Adrian MM.
Apr 23, 2020 17:13
4 yrs ago
14 viewers *
Swedish term

Emissionen tecknades

Swedish to English Bus/Financial Finance (general)
Emissionen tecknades till cirka 30,6 MSEK motsvarande en teckningsgrad om cirka 140 procent och tillför Bolaget cirka 24 MSEK före emissionskostnad.

The share issue amounted to (?) approx. SEK 30.6 million, corresponding to a subscription rate of 140 percent and brought in SEK 24 million to the company before issue expenses.

The share issue resulted in approx. SEK 30.6 million worth of subscriptions (?), corresponding to a subscription rate of 140 percent and brought in SEK 24 million to the company before issue expenses.
Change log

Apr 28, 2020 06:40: Adrian MM. Created KOG entry

Proposed translations

+3
1 hr
Swedish term (edited): Emissionen tecknades /teckna emission
Selected

The issue has been subscribed for /subscribe for (sign up to) an issue

....till cirka 30,6 MSEK: subscribed for, for (avoid the prepositional double-up with): to a value of around SKr- 30.6 mill. - namely on applications for shares to that amount - see the ProZ weblink answers. Note that it's sign up to and not sign on, as for unemployment benefit.

I don't think we have the scenario of a third party institutional guarantor, like a merchant bank, 'underwriting' so gauranteeing the *take-up* of shares to that value.

Teckningsgrad can be asked in a separate question, but subscription rate looks right. However, if this is a 'rights issue' as already propositioned, postulated or (AmE) posited, I'd venture a *take-up rate*.
Example sentence:

As a shareholder you have a choice of three practical options with a rights issue: Take up your rights in full Sell your rights Sell some of your rights and take up the rest-

Peer comment(s):

agree Sven Petersson
58 mins
Thanks and tack, tack!
agree Deane Goltermann : was subscribed ...
2 hrs
Right! BrE tends to use 'have you seen' and AmE 'did you see' the prospectus etc.
agree SafeTex
16 hrs
Tack, merci and thanks!
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4 KudoZ points awarded for this answer.
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