MTN � Caution: name is misleading!

[kochunni69]

Medium-term notes:
�� Maturities of nine months to 100 years
�� Registered with SEC under Rule 415 (�shelf registration�)
�� Sold on a �best efforts� basis

 

[gdiddy]

How about index-amortizing notes. Try to remember that one!

 

[mcf]

They are 'medium term' because they typically finance the space between CP and commercial bonds.

 

[FisherSU]

Shelf-registration

 

[daj224]

investpopdia


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.