What is the English translation of "acciones de primera emisión"?

What is the English translation of "acciones de primera emisión"?

The English translation of "Acciones De Primera Emisión" 
is ?Original Issue Stock.?


The Survey of Financial Systems of the Americas by the Inter-American
Development Bank includes the translation of that phrase.

Chile 

?La colocación de ?ACCIONES DE PRIMERA EMISIÓN? de sociedades anónimas
abiertas debe ser realizada en primer lugar con una oferta preferente
para los antiguos accionistas. El resto es ofrecida mediante
colocación privada o pública, pero esta oferta no pueda ser a un valor
inferior o en condiciones más ventajosas que a los antiguos
accionistas.?

Chile 

?The sale of ?ORIGINAL ISSUE STOCK? in publicly held corporations must
be offered preferentially to the former shareholders. The rest is sold
privately or publicly, but at prices no lower in value and under
conditions no more advantageous than for preferred shareholders.?

Source:
Inter-American Development Bank
Survey of Financial Systems of the Americas
http://www.iadb.org/financial-markets/report/1c07.htm



Definition of Original issue stock: 

Securities issued when a company is first incorporated. 

Investor Words Financial Glossary
http://www.investorwords.com/3510/original_issue_stock.html


Search criteria:
"Acciones De Primera Emisión"
?Original issue stock?
Personal knowledge (Spanish is my second language)

I hope you find this helpful!

Best regards,
Bobbie7

Perfect answer in every way.

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--Bobbie7