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 maturity from one to 10 years. By knowing that a note is medium term, investors have an idea of what its maturity will be when they compare its price to that of other fixed-income securities. All else being equal, the coupon rate on medium-term notes will be higher than those achieved on short-term notes.

2. This type of debt program is used by a company so it can have constant cash flows coming in from its debt issuance; it allows a company to tailor its debt issuance to meet its financing needs. Medium-term notes allow a company to register with the SEC only once, instead of every time for differing maturities.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Medium-term note — A corporate debt instrument that is continuously offered to investors over a period of time by an agent of the issuer. Investors can select from the following maturity bands: 9 months to 1 year, more than 1 year to 18 months, more than 18 months… …   Financial and business terms

  • 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… …   Financial and business terms

  • Euro medium-term note — ➔ note1 * * * Euro Medium Term Note UK US noun [C] FINANCE ► EMTN(Cf. ↑EMTN) …   Financial and business terms

  • Euro Medium Term Note - EMTN — A flexible medium term debt instrument that is issued and traded outside of Canada and the United States and requires fixed dollar payments. EMTNs are issued directly to the market with maturities of less than five years and are offered… …   Investment dictionary

  • Euro Medium Term Note — ( EMTN) Euroclear Clearing and Settlement glossary Debt note that usually matures (is paid back) in 5 to 10 years. Euroclear Clearing and Settlement glossary …   Financial and business terms

  • Euro Medium Term Note — (EMTN) Debt note that usually matures (is paid back) in 5 to 10 years …   Euroclear glossary

  • term note — (1) A name used to describe a promissory note used for any closed end loan granted for a predetermined amount of time ( e.g., short term, medium term or long term). (2) A name used in business or commercial lending to describe a promissory note… …   Financial and business terms

  • Euro Medium Term Notes — Les Euro Medium Term Notes (EMTN) sont des papiers commerciaux ou Notes émis par des banques de financement et d investissement (BFI) à destination d investisseurs corporates et contreparties éligibles, institutionnels ou banques privées. Ces… …   Wikipédia en Français

  • Note — Debt instruments with initial maturities greater than one year and less than 10 years. The New York Times Financial Glossary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is used as money; …   Financial and business terms

  • note — debt instruments with initial maturities ( maturity) longer than one year and shorter than 10 years. Bloomberg Financial Dictionary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is …   Financial and business terms

  • Note Issuance Facility — (NIF) is an underwriting agreement/arrangement in the Eurocurrency market under which borrowers place short/medium term (one to six months) notes via a syndicate of prime/commercial banks, and the borrowers issue is backed by the commitment of… …   Wikipedia

Share the article and excerpts

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

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.