超额发行 meaning in English

excess issue
over-issue

Mr k l wong , vice chairman , corporate finance , asia pacific region , merrill lynch asia pacific limited , said , " the enthusiastic response to this oversubscribed offering has once again demonstrated the strong business model of the hong kong mortgage corporation , the success of which will have important implications for other asian countries .
美林亚太区企业财务副主席黄桂林先生指出：是次超额发行取得的热烈反应再度成功显示出按揭证券公司有效的商业模式，可为其他亚洲国家作出重要启示。