Discount Note

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 ?
In an SEC Form 8-K filed today, Verticalnet announced its entry into three new agreements and the amendment of two other agreements relating to its senior secured convertible promissory notes and its senior subordinated discount promissory note, the net impact of which is to shift the maturity of the discount note from January 31, 2007 to April 1, 2008, to re-price warrants previously granted to the holders of the convertible notes, to increase the principal amount of the discount note from $5.
The total adjusted debt amount includes operating leases, A/R securitization program balance and JohnsonDiversey Holdings' senior discount note.
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.
Uniroyal Chemical also announced that it has completed the repurchase of $182 million of its 12% subordinated discount notes due 2005, 11% senior subordinated discount notes due 2003 and 10-1/2% senior notes due 2002.
s (BellSouth) sale and leaseback $45 million discount notes as follows:
45 million discount notes to 'BB' from 'A'; Outlook Evolving.
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.
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Offer that approximately $100 million (at maturity), or 74%, of Senior Discount Notes had been tendered and not validly withdrawn.
As of the close of business on July 27, 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Offer that approximately $100 million (at maturity), or 74%, of Senior Discount Notes had been tendered and not validly withdrawn.
As of the close of business on July 20, 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.
As of the close of business on July 13, 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.
As of the close of business on July 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.