medium-term note


A flexible financing system used by a company to meet its financial needs, usually in the form of notes (like obligations) distributed continuously to investors through dealers or agents. These notes offer investors the freedom to choose the type of notes purchased, maturity period or even the dollar amount with a relatively higher coupon rate than a short-term investment can offer. Furthermore, the company benefits by having a continuous cash flow from its investors.

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medium-term guarantee program Bundesobligation