MTN


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MTN

A short-form for Medium Term Note.

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.

MTN

References in periodicals archive ?
Ghana's Telecommunication giant, MTN, has celebrated ten years of its operation of mobile money service in the country, with a call on loyal customers to be wary of fraudsters.
include product and partner management of MTN Mobile Money.
Turkey's largest mobile operator alleges that under a strategic plan code-named "Project Snooker", MTN used corrupt practices to win the license which had initially been awarded to Turkcell.
In this context, Mohammad Al-Wadhaf, the coordinator of MTN charitable Corporation and Tawfiq Al-Nadheef, the Information officer, have handled the allocated money, for ensuring 200 orphans, to the Charitable Society for Social Welfare.
MTN had 68.2m subscribers as of March, compared with Bharti's 62m.
Mohammed Omran, chairman of UAE operator Etisalat, also said last month that he was evaulating a bid for MTN.
MTN Plug, available on *231#, promises a life of no restrictions and provides subscribers with free social media benefits as well as amazing discounts for internet usage and voice calls.
MTN said on Tuesday that is has concluded the sale of its subsidiary in Cyprus to Monaco Telecom, and has collected e1/4260-million, or R4.5-billion, in cash from the transaction.
'Let MTN file first and the day they tell you they have filed, watch us and count.
George Papadopoulos of Safe Bulkers Management Ltd., comments: "With MTN Business as a partner we gain access to a technologically advanced telecommunications network and an extensive 4G network in Cyprus.
Dubbed MTN Business Cloud Services platform, the web portal will also be available in Swaziland, Ghana and Uganda by the end of April 2016, and will provide a comprehensive view of the product portfolio available for business customers from MTN, as well as its partners.
Compliant with the latest GSMA standards, Mobile Connect, 'MTN Token' is available immediately to MTN Nigeria's 70 million subscribers and positions the operator as the country's foremost provider of secure digital identification and authentication.