Gilt-Edged Securities

Securities issued by governments. They are usually considered high-grade and safe investment owing to the almost zero probability of default on interest and principal payments.

Global Bond

A bond issue offered for subscription simultaneously in many jurisdictions.

Global Depository Receipt

A means of accessing the international capital market through the issuance of depository receipts which are traded in major stock markets such as the International Stock. Exchange, London, and the over-the-counter market in the U.S.

Global Offering

A security issue - equity or debt which is offered simultaneously in many countries. The equities could be new issues or existing securities such as privatization issues.

Going Public

The process of conversion of corporate status from private liability company (private ownership) to public limited liability company (public ownership). It is also used in relation to a company offering its securities to the public for the first time (IPO).