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    tranche
    [ noun ]
    a portion of something (especially money)
    <noun.possession>


    1. It aims to attract close to Fl 10bn of funding through the entire six tranche tap issue. In total, the government has raised Fl 23.45bn via 30-year, 10-year and 15-year public bonds this year and an unspecified amount via private placements.
    2. A rumoured fourth tranche, to be used only in emergencies, is the 'Paula' - No date.
    3. Mr Steinkuhler bought DM1m (Pounds 390m) worth of MAH shares, and earned a profit of at least DM64,000 on the sale of a first tranche, after Daimler decided to dissolve the holding company and exchange its shares for full company shares.
    4. The first Dollars 30m tranche of one-month commercial paper, backed by a three-year loan, was issued under the programme yesterday.
    5. With the last tranche of BT shares about to reach the market, telecoms analysts suggested yesterday that it was likely to strengthen the company's appeal to overseas investors, but could weaken it at home. BT is not getting its chunk of MCI cheap.
    6. Its share of contracts has risen from 14 per cent of the August 1990 tranche to half of those awarded this January.
    7. The single tranche of bonds is priced at 96.50 to yield 6.77%.
    8. By contrast, the spread on the sterling issue was unchanged at the end of the day. S. G. Warburg, joint lead manager of the offerings with Lehman Brothers, rejected suggestions that the dollar tranche was too cheap.
    9. Prior to the offering, about 24 per cent of Endesa's shares were publicly held. The size of the retail tranche had already been increased by 23 per cent earlier this week to 6.1m shares in the light of the strong interest from retail investors.
    10. Meanwhile, the public sector actually repaid some debt. That was partly because of Pounds 1.5bn of income from the last tranche of the BT share sale, but it was also thanks to an impressive increase in tax receipts.
    11. 'This year we might allow some big commercial banks in Vietnam to issue bonds for that purpose.' The state bank has said it is close to launching a trial tranche of 91-day Treasury bills aimed at retail investors in Vietnam.
    12. But given how low inflation is, this will make very little difference to anybody. The biggest changes by far remain those announced last year by Mr Clarke and, in the case of the second tranche of VAT on fuel, by his predecessor Mr Lamont.
    13. We were astonished that a lot of institutions bought the 4 per cent tranche of the first Groi,' Mr Hafner says.
    14. During 1987-88, the Bank held what it called an 'experimental series' of four auctions combined with gilts issues. The dividend dates on the new tranche are May 15 and November 15. The gilt matures on November 15 1996.
    15. The international tranche amounts to 38m shares, priced at 26 pesos each, equivalent to about Dollars 1 per share. The domestic issue is being lead managed by Bank of the Philippine Islands, in which J. P. Morgan has a 20 per cent stake.
    16. Government officials insist, however, that a further tranche of tariff and trade deregulation is imminent. The Asian Development Bank recently forecast GDP growth for this year at 6.7 per cent, the same as last year.
    17. The Bank also sold some of the Pounds 200m tranche of 9 per cent Conversion stock due 2000. However, the gilt market's gains were overturned by the Budget announcement in the afternoon.
    18. A further 30.7m shares will be held back for possible market stabilisation purposes, but may be added to the institutional tranche. BCI, which is co-ordinating the deal with Lehman Brothers, said the precise allocations would depend on demand.
    19. A second tranche of the Portuguese Smaller Companies Fund for institutional investors is to be launched on June 7. Bear Sterns is lead manager.
    20. They calculate he is obliged to repay FFr1bn of it by the end of this year, in one tranche of FFr600m in late October and another of FFr400m at the end of December.
    21. First tranche totals #200 million and the other three tranches total #100 million each.
    22. The second tranche is dependent upon Trafalgar receiving payment for the Emerald Producer oil production platform which cost Davy its independence. Some moves have been costly.
    23. According to Mr Dudeja, the recent purchases for Russia include CTC (cut, tear and curl), orthodox and Darjeeling teas. Russia had earlier in the season imported 15m kg of tea by utilising the first tranche of technical credit of Dollars 32m.
    24. But in the last couple of months the figures on tax revenues have been very encouraging indeed.' The government's purse was filled with Pounds 59m in early receipts from the third call of the third tranche of BT shares.
    25. The word from Wall Street is that the Clinton administration has announced plans for a new, three-tranche US government bond issue. The first tranche is the 'Gore' - No interest.
    26. ACTIVITY in the Eurobond market was depressed by weak government bond markets as the dollar hit an all-time low against the D-Mark yesterday. Deutsche Finance, an arm of Deutsche Bank, added a further DM500m tranche to a recent DM500m five-year issue.
    27. The UK's National Audit Office thinks the government's controversial sale of its third tranche of BT shares last year was a success.
    28. Selling IMI shares in more than one tranche could maximise receipts for the state. IMI embraces long-term lending, fund management, securities trading and insurance.
    29. An official with lead underwriter Citibank said the average cost of loans that the first tranche of the note offering is refinancing is 11.607%.
    30. China's loan was part of the fund's second tranche, which probably won't be needed.
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