Discount Note

(redirected from Discount Notes)

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 ?
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Offer that approximately $100 million (at maturity), or 74%, of Senior Discount Notes had been tendered and not validly withdrawn.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Offer that approximately $100 million (at maturity), or 74%, of Senior Discount Notes had been tendered and not validly withdrawn.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Offer that approximately $100 million (at maturity), or 74%, of Senior Discount Notes had been tendered and not validly withdrawn.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Offer that approximately $100 million (at maturity), or 74%, of Senior Discount Notes had been tendered and not validly withdrawn.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.
HCC" or the "Company") today announced that it is pursuing a plan to restructure its indebtedness, including a voluntary exchange of HCC's 12 u% Senior Discount Notes Due 2011 (the "Senior Discount Notes") that are held by qualified investors ("Eligible Holders") for shares of common stock of HCC (the "Common Stock"), subject to the terms and conditions of an exchange offer to be presented to such Eligible Holders (the "Exchange Offer").
45 million sale and leaseback discount notes downgraded to 'A' from 'A+'.