溢价发行亦称增价发行，是证券的一种发行方式。采用这种方式发行证券时，以高于证券票面金额的价格出售证券，到期按票面金额偿还。 采用溢价发行的证券，收益率通常较高，使投资者有利可图。投资者实获利息，是票面利息扣除偿还差额（发行价格与偿还价格之差）之后的差额。
非流通股股东的利益主要是通过溢价发行、净资产增值和盈利分红来实现。
No-public shareholders realize their interests mainly through premium issue, net assets appreciation and money bonus.
第三十四条股票发行采取溢价发行的，其发行价格由发行人与承销的证券公司协商确定。
Article 34 Where an issuer offers shares at a premium, the offering price thereof shall be determined through negotiation between the issuer and the securities underwriting companies.
摩根士丹利支付给中投公司的年利率为9%（与瑞银近期发行的证券利率一致），与其税后股息相比有5个百分点的溢价。
The 9 per cent interest rate, which is line with that paid by UBS in its recent issue, represents a 5 percentage point after tax premium to its dividend.
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