MTN program

MTN program
USA
medium-term notes are usually issued in connection with a medium-term note program, a funding program used by issuers to receive bond debt funding on a regular and continuous basis. Their programs can include more than one issuer, although the issues are independent up to a maximum amount authorized. This acts as an advantage to issuers as they are not required to produce extensive legal documents each time they want to issue notes. Instead, a series of underlying documents are amended with each issue by a pricing supplement which sets out the terms of each specific issue of notes. This makes access to debt funding easier and cheaper. Many large companies establish medium-term note programs to finance their medium term financing needs.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • MTN — medium term note (MTN) A bearer negotiable debt security with a maturity of more than one year issued in the international capital markets to Eurobond investors, either as a single issue or as a series of issues under a medium term note programme …   Law dictionary

  • medium-term note program — (MTN program) USA medium term notes are usually issued in connection with a medium term note program, a funding program used by issuers to receive bond debt funding on a regular and continuous basis. Their programs can include more than one… …   Law dictionary

  • Dear Friends Radio Program — Dear Friends Syndicated Radio Program Studio album by The Firesign Theatre Released 1970 1971 Recorded 1970 1971 Genre …   Wikipedia

  • Medium Term Note - MTN — 1. A note that usually matures in five to 10 years. 2. A corporate note continuously offered by a company to investors through a dealer. Investors can choose from differing maturities, ranging from nine months to 30 years. 1. Notes range in… …   Investment dictionary

  • medium term note — (MTN) A bearer negotiable debt security with a maturity of more than one year issued in the international capital markets to Eurobond investors, either as a single issue or as a series of issues under a medium term note programme. MTNs are… …   Law dictionary

  • medium-term note — (MTN) A bearer negotiable debt security with a maturity of more than one year issued in the international capital markets to Eurobond investors, either as a single issue or as a series of issues under a medium term note programme. MTNs are… …   Law dictionary

  • Medium term note — A medium term note (MTN) is a debt note that usually matures (is paid back) in 5–10 years, but the term may be less than one year or as long as 50 years. They can be issued on a fixed or floating coupon basis. Floating rate medium term notes can… …   Wikipedia

  • MountainWest Sports Network — The Mtn. Launched September 1, 2006 Owned by Mountain West Conference (30%) NBCUniversal (30%) …   Wikipedia

  • National broadband plans from around the world — Broadband is a term normally considered to be synonymous with a high speed connection to the internet. The term itself is technology neutral; broadband can be delived by a range of technologies including DSL, LTE or next generation access. This… …   Wikipedia

  • Regional television in Australia — Regional television is a term given to local television services in areas outside of the five main Australian cities (Sydney, Melbourne, Brisbane, Adelaide and Perth).History1960sThe first regional television stations were launched soon after the …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”