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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Aside from Treasury discount notes, securities issued by Government Sponsored Enterprises were the next largest source for fund assets.
The National Bank of Kazakhstan on March 27 launched a new mobile application - Invest Online, which can be used to buy discount notes of the central bank.
Net interest income reflected a significant increase in interest income on advances partially offset by a significant increase in interest expense, primarily consolidated obligation bonds and discount notes. Interest income on advances in the first quarter of 2016 was $131.9 million, an increase of $58.2 million compared to $73.7 million in the first quarter of 2015.
As the only securities finance company in Korea, KSFC provides various financial products such as margin financing loans, securities-backed loans, various deposits, and discount notes and financial services including SBL, trust, and custodian services.
Specifically, the restructuring concerns the holders of BTAS' Senior Notes, Recovery Units and Original Issue Discount Notes and various classes of subordinated debt.
M2 EQUITYBITES-September 26, 2011-MannKind Corporation expects USD370.0m from sale of senior secured discount notes due 2017(C)2011 M2 COMMUNICATIONS http://www.m2.com
23 September 2011 - US drugmaker MannKind Corp (NASDAQ:MNKD) said today that it had proposed an offering of senior secured discount notes due 2017 and expects to generate gross proceeds of USD370m (EUR273.6m).
However, the agency left intact the recovery ratings of Nebraska Book's asset-based revolving credit facility and NBC Acquisition Corp's 11% senior discount notes.
Nexstar Broadcasting Inc intends to use the net proceeds from the offering to redeem the remaining approximately USD33.4m of its outstanding 11 3/8% senior discount notes due 2013, to pay related fees and expenses and for general corporate purposes.
Net proceeds of the notes offering are intended to be used to fund the concurrent tender offer, to acquire any and all of the company's outstanding USD89.6m in aggregate principal amount 12% senior subordinated discount notes due 2013, including any redemption of any 2013 Notes that remain outstanding after the expiration of the tender offer, and for general corporate purposes.
The transaction was financed with equity and the proceeds from $290 million of 9.25% senior notes due 2012 issued by Equinox, and $115 million of discount notes due 2013 issued by Equinox's indirect parent.