Discount Note

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Discount Note

A debt security with a maturity of one year or less issued at a discount to its face value. For example, if a discount note has a face value of $1,000, it may be issued to the holder at $900. When it matures, the holder receives the full $1,000. A discount note does not pay a coupon; rather, the difference between the discount and the face value takes the place of the coupon. See also: coupon-equivalent yield.
References in periodicals archive ?
Media " and together with Parent and Holdings, the " Companies ") announced today that they have extended the expiration date for their previously announced private exchanges offers (the " Exchange Offers ") with respect to Media's 81/2% senior subordinated notes due 2017 (the " Old Senior Subordinated Notes ") and Holdings' 11% senior discount notes due 2013 (the " Discount Notes ", and together with the Old Senior Subordinated Notes, the " Old Notes ") and the solicitation of consents with respect to the proposed amendments to the indenture governing the Discount Notes (the " Discount Notes Consent Solicitation ") to 5 p.
recently completed an offering of its senior discount notes due 2011, with a value at maturity of $135 million and yielding gross proceeds of $73.
s (BellSouth) sale and leaseback $45 million discount notes as follows:
Media " and together with Parent and Holdings, the " Companies ") announced today that they have extended the expiration date for their previously announced private exchanges offers (the " Exchange Offers ") with respect to Media's 8 1/2% senior subordinated notes due 2017 (the " Old Senior Subordinated Notes ") and Holdings' 11% senior discount notes due 2013 (the " Discount Notes ", and together with the Old Senior Subordinated Notes, the " Old Notes ") and the solicitation of consents with respect to the proposed amendments to the indenture governing the Discount Notes (the " Discount Notes Consent Solicitation ") to 5 p.
Parent " and together with Media and Holdings, the " Companies ") announced today that they have amended certain terms of their previously announced private exchange offers (the " Exchange Offers ") with respect to Media's 81/2% senior subordinated notes due 2017 (the " Old Senior Subordinated Notes ") and Holdings' 11% senior discount notes due 2013 (the " Discount Notes ", and together with the Old Senior Subordinated Notes, the " Old Notes ") and solicitation of consents with respect to the Discount Notes (the " Discount Notes Consents "), and extended the expiration date for the Exchange Offers and solicitation of Discount Notes Consents to midnight, New York City time, on December 3, 2012 (the " Expiration Date ").
HCC" or the "Company") today announced that the expiration date for its private exchange offer and consent solicitation (the "Exchange Offer") to qualified investors ("Eligible Holders") to exchange HCC's 12 u% Senior Discount Notes Due 2011 (the "Senior Discount Notes") for shares of common stock of HCC (the "Common Stock") has been extended until 11:59 p.
Concurrently, Advanced Accessory Holdings Corporation ("Holdings" and together with AAS and AAS Capital, the "Companies") announced on June 16, 2006 that consents by the required holders of a majority of its outstanding 13 1/4% Senior Discount Notes due 2011 (the "Discount Notes") not held by the Companies or their affiliates were obtained by the Consent Payment Deadline (as defined in the Offer to Purchase and Consent Solicitation Statement of Holdings) in the previously announced cash tender offer to purchase any and all of its Discount Notes.
As of the close of business on August 6, 2009, the Company was advised by the information and exchange agent for the Exchange Offer that approximately $100 million (at maturity), or 74%, of Senior Discount Notes had been tendered and not validly withdrawn.
45 million sale and leaseback discount notes downgraded to 'A' from 'A+'.
25, plus accrued and unpaid interest to, but excluding, the payment date, and the total consideration for each $1,000 principal amount at maturity of Discount Notes tendered and accepted in the tender offer will be $901.
announced today that it has received the requisite consents for amendments to the terms of each of its 10-3/8% Senior Discount Notes (the "10-3/8% Notes") and its 11-1/4% Senior Discount Notes (the "11-1/4% Notes", and together with the 10-3/8% Notes, "Senior Discount Notes") from the holders of the Senior Discount Notes in connection with the Company's respective tender offers and consent solicitations relating to the Senior Discount Notes, each of which commenced November 24, 2003.
s and affirms the senior discount notes rating of 'CCC/RR6'.