The phrase "an initial tranche of" is correct and usable in written English.
It can be used when referring to a portion or segment of a larger amount, often in financial or project contexts.
Example: "The company announced an initial tranche of funding to support the new project."
Alternatives: "a preliminary portion of" or "an initial segment of".
It empowers the government to purchase mortgage securities originated before March 14 2008, up to an initial tranche of $250bn.
The bank believes that the government should sell an initial tranche of shares worth about £5bn to test the market.
In Go-Jek's case, it secured investment from Chinese internet giant Tencent in March last year as an initial tranche of a planned $1.2 billion raise.
Season Smart invested an initial tranche of $800 million, according to filings, but now Evergrande Health has taken that over for around $860 million, or HK$6.75 billion.
Of late, however, we've seen many cryptocurrency projects funded by Initial Coin Offerings (ICOs) — i.e. the creation of an altcoin, an initial tranche of which are sold by the founders for bitcoin, to fund future development.
The Dallas, TX-based company has completed an initial tranche with Intel, with the remainder of its stake to be acquired within 12 months subject to certain closing conditions.
Much of the initial tranche of a $16.5 billion loan from the International Monetary Fund also was used toward stabilizing the currency.
The Army said it would review its decision after the initial tranche of training but a local councillor called it a "blow" for the village.
People were purposely shown a mixture of some of the initial tranche of images, some new - and some that were subtly different.
That amount was mandated back in August in the initial tranche of cuts under the Budget Control Act.
But, now that Yanukovych has proved incapable of controlling his own country, Putin, after committing the initial tranche of three billion dollars, seems to have suspended the payments.
