Short for when issued, which indicates that a security has been authorized, but not yet issued. It typically is used in the Treasury market, where there is a lag between when the new bond is announced, when it is sold, and when it is issued. The term also is used for new stocks and stocks that have split but haven’t started trading yet. During this time period, the security trades with a wi next to it.
Webster's New World Finance
When-issued Sentence Examples
The requisition, when issued by the civil authorities of the port from which the vessel is fitted out, is called a sea-letter.
These warrants when issued and presented for payment were paid by the state treasurer, were sold to the permanent school fund, and drew 4% interest until cancelled from the general fund.
The New ordinary shares will, when issued and fully paid, rank pari passu in all respects with the Existing Ordinary Shares.
The New Ordinary Shares will, when issued and fully paid, rank pari passu in all respects with the Existing Ordinary Shares.