Examples of MTN program in a sentence
The Company's shelf registration filed with the Securities and Exchange Commission enables the Company to issue up to $2.6 billion of unsecured debt securities and warrants to purchase debt securities under its medium term note (MTN) program.
In addition, the Group has a commercial paper program, uncommitted lines of credit, a domestic bond shelf registration, and a euro MTN program.
Such regionally standardized bond issuance program should lead to a regional medium-term note (MTN) program that will be committed to open up the markets to qualified issuers and investors in the region and beyond.
During May 2003, the Company issued $50.0 million of fixed-rate unsecured senior notes under its MTN program.
MTN NOTES PAYABLE The Company has periodically issued long-term debt securities in the public markets through a medium term note program (referred to as the MTN program), which commenced in 1995.
In addition, the Group has a domestic commercial paper program, uncommitted lines of credit, a domestic bond shelf registration, and a euro MTN program.
These bonds are non-guaranteed bonds issued based on MTN program.
Under the MTN program, Brazil has succeeded in making several placements of government bonds in the last two years in the international markets, namely, euroyen, euromark, samurai, caravella, eurosterling and a global bond.
The MTN program consists in the issue of a series of bonds in international markets up to an established limit.
Consequently, the MTN program provides an efficient means of exchanging internal for foreign debt, that offers longer terms and lower interest rates.