Category: mtn
Why Do Major Banks Sell Short and/or Medium Term Debenture/Debt At Steep rebates ?
Posted by HardMoney in mtn Friday, 5 March 2010 08:43 2 Comments
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 be as simple as paying [...]
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