Medium Term Note

(redirected from Medium-Term Notes)
Also found in: Wikipedia.

Medium Term Note

An unconventional bond note with a maturity period usually between five and 10 years continually offered through various brokers, rather than issued all at once like other bonds. Unlike most bonds, which are bought and sold on exchanges, MTNs are normally purchased through an MTN brokerage, which operates on a best effort basis and is under no obligation to sell a certain amount on behalf of the issuer. Unlike corporate bonds, MTNs are almost always marketed to institutions and high net-worth individuals and have few or no small and medium investors. Beyond that, they functions much like corporate bonds: unsecured, non-callable, with fixed coupons and investment grade ratings. MTNs have become a favorite form of fundraising for large corporations, government agencies, and sovereign states. This demand has led to more complex MTNs, with floating interest rates and maturity periods from nine months to 30 years or longer. See also: Euro medium term note.
References in periodicals archive ?
Today, AltaLink announced that it has agreed to issue a principal amount of $250 million of Series 2013-1 Medium-Term Notes due July 11, 2053, through its $2.
June 5 /PRNewswire-FirstCall/ -- Kimco Realty Corporation ("Kimco Realty") today announced that it has received the requisite consents from holders of the following series of Medium-Term Notes and Senior Notes in the aggregate principal amount outstanding of $1,922,000,000 (the "Notes") to amend the indenture governing the Notes (the "Indenture").
For investment-grade nonfinancial corporations, medium-term notes became a growing source of funds.
Global book-entry is now being used in the burgeoning market for medium-term notes and is expected to be available to the huge commercial paper market shortly.
NEW YORK -- Fitch Ratings has reviewed and affirmed the ratings assigned to Medium-Term Notes series and Short-Term Notes series issued by 11 Puerto Rico closed-end funds (CEFs) advised by Santander Asset Management (Puerto Rico).
2012-2 Medium-Term Notes due November 28, 2022, through its $2.
May 30 /PRNewswire-FirstCall/ -- Kimco Realty Corporation ("Kimco Realty") today announced that it is amending certain of the terms of the previously announced consent solicitation that it commenced on May 16, 2006 relating to its Medium-Term Notes and Senior Notes in the aggregate principal amount outstanding of $1,922,000,000 (the "Notes").
NEW YORK -- Fitch Ratings has reviewed the ratings assigned to $497 million of 100% Principal Protection Short-Term Notes and $16 million of 100% Principal Protection Medium-Term Notes issued by 12 Puerto Rico closed-end funds (CEFs) advised by UBS Asset Managers of Puerto Rico (as of June 30, 2012).
May 16 /PRNewswire-FirstCall/ -- Kimco Realty Corporation ("Kimco Realty") today announced the commencement of a consent solicitation relating to its Medium-Term Notes and Senior Notes in the aggregate principal amount outstanding of $1,922,000,000 (the "Notes").
NEW YORK -- Fitch Ratings has reviewed the ratings assigned to $663 million of 100% Principal Protection Short-Term Notes, $26 million of 100% Principal Protection Medium-Term Notes, and $2.
SCANA Corporation (NYSE: SCG) announced today that on July 6, 2000 it sold $300 million of floating-rate medium-term notes due July 15, 2002.