Medium-term note retail
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Medium-term note retail (MTNR)
Medium-term note designated for retail investors. For example, at Fannie Mae, it means that the bond is designated for individual investors that is underwritten through a dealer versus issuing through a program, like Investment Notes or Benchmark Notes.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Medium-Term Note Retail
An unsecured bond issued by a multinational corporation in order to finance its operations, with a maturity of between one and 10 years. Retail notes are issued at par for $1,000 per note; they pay a fixed interest rate for the first nine months or so, after which the coupon payments may vary. Retail notes invested in an IRA may be tax-deferred.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved