Composite issues

An issue of securities by a listed company on a public- cum rights basis offered through a single offer document wherein the allotment for both public and rights component of the issue is proposed to be made simultaneously.

Related Terms

Public Securities Trust

Pooled unit trust which invest unit holders money in government and semi government securities.

Net Realizable Value

The current market price of an asset after deducting the costs of selling it.

Five against bond spread

A spread in the futures markets created by taking offsetting positions in futures contracts for five-year treasury bonds and long-term (15-30 year) treasury bonds.