Medium Term Note

(redirected from Medium Term Notes)

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 ?
M2 EQUITYBITES-March 29, 2019-Nova Scotia Power Inc reports launch of USD400m medium term notes
Global Banking News-March 29, 2019-Nova Scotia Power Inc reports launch of USD400m medium term notes
LONDON: Bachmann & Welser Capital Group is an established, independent and well-funded Monetiser of Stand-by Letters Of Credit and Medium Term Notes.
Summary: New Delhi [India], Dec 27 (ANI): YES Bank has become the first bank to establish the Medium Term Notes (MTN) programme on the Global Securities Market (GSM) at the BSE's India International Exchange (India INX), the bank said in a corporate filing today.
Specialty pharmaceutical company Meda Aktiebolag (STO:MEDAA) announced on Wednesday that it has successfully amended the terms and conditions of two series of notes issued under its SEK7,000,000,000 medium term notes programme, as well as the insertion of an early redemption call option which it will exercise with immediate effect
MARC has affirmed its rating of AIS(fg) on special purpose vehicle TSH Sukuk Musyarakah Sdn Bhd's (TSH Musyarakah) MYR 100 million Guaranteed Islamic Medium Term Notes programme (Sukuk Musyarakah) with a stable outlook.
guaranteed medium term notes which will be established on 22 January 2014.
Canada-based airport operator The Greater Toronto Airports Authority said that it has completed an issue of CAN 400m , 10-year Series 2012-1 Medium Term Notes.
Scana Corporation (NYSE: SCG), an energy-based holding company in South Carolina, has sold in a negotiated offering, USD250m principal amount of its Medium Term Notes due February 1, 2022.
A number of multi-finance companies will repay bond debts and medium term notes (MTN) maturing in the first half of 2012 all valued at Rp5.51 trillion.
19 October 2011 - MARC today affirmed its MARC-1ID /AAID and A+ID ratings with a "stable" outlook on Tele-Flow Capital Sdn Bhd's MYR90m (USD28.9m/EUR20.9m) Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) and MYR10m Junior Islamic Medium Term Notes.

Full browser ?