Capital Note

Capital Note

A short-term, corporate bond. A company issues a capital note in order to pay its short-term liabilities. Capital notes are unsecured and, in the event of liquidation, receive the lowest priority of all bonds (thought they still rank higher than preferred or common stock).
References in periodicals archive ?
The long-term obligation, subordinated capital note, and short-term obligation ratings for NationsBank of Texas, National Association were reaffirmed at "AA-" (Double-A-Minus), "A+" (Single-A- Plus), and Duff 1+ (One-Plus), respectively.
NEW YORK -- Fitch affirms the commercial paper program (CP) and places the capital note program on Rating Watch Negative for St.
Paramax Capital Group has closed a $15,000,000 conduit capital note investment in a bank sponsored multi-seller asset-backed commercial paper conduit.
NEW YORK -- Fitch Ratings has downgraded the capital note program for St.
Global Banking News-December 4, 2013--Metrobank's capital note issue delayed by regulators
NEW YORK -- Fitch downgrades the capital note program for St.
The Complaint alleges that the Medical Capital Notes should have been registered with the SEC, but were not, and that the private placement memoranda for the Medical Capital Note offerings misrepresented and omitted material facts related to terms of the offerings, the use of the investors' funds, the track record of various Medical Capital entities, the backgrounds and qualifications of the executives responsible for running the companies, and the overall risks of an investment in the Medical Capital Notes.
The transaction is subject to approvals from White Pine's board of directors, the security trustee for White Pine and a majority of White Pine's capital note holders and to confirmations from rating agencies.
NASDAQ: PBIB) announced today that its bank subsidiary, PBI Bank, sold a $9 million subordinated capital note to Silverton Bank, N.
In contrast, the capital note proposal allows for ex ante information production by private market participants.
UBS AG (NYSE: UBS) is said to be planning to sell contingent capital notes in dollars.