Traduction de «Prezzo di lancio » (Italien → Anglais) :

So far as concerns the subscription price for the new shares, Cisco and Cyprus Airways have agreed that the price or price range for the issue of the new shares will be defined jointly in accordance with market practices in the light of the stock market conditions prevailing at the time of the launch of the operation.

The reduction in price differentials for the Volkswagen Polo is due to the launching of a new Polo model, for which prices have been submitted only for the eight countries where this new model had been introduced.

The present transaction carries a 5.3% nominal interest rate with a 5 year maturity and a reoffer price of 99.425% to give yield of 5.63% or 12 basis points (b.p.) below the equivalent yield of the French BTAN 7 1/4 due 1998.

Mr Van Miert's departments will focus on the level of prices that competitors would be required to pay in order to acquire the technological resources needed to launch a system in competition with GEN: - the competitors would undoubtedly not have the option of supplying large- scale infrastructures and of using the profits thus made to finance the supply of non-reserved services such as international network circuits; - potential competitors, in particular suppliers of alternative infrastructures, will have to pay the official price to buy the equipment needed to launch systems in competition with GEN. On the other hand, traditional tel ...[+++]ecoms operators have always used each other's equipment at a substantially lower price, on the basis of reciprocity.

Although priced at a record low spread over the yield of the German Government bonds, the issue has been extremely successful and the syndicate has been broken very quickly after the launching.