Medium-term notes: •– Maturities of nine months to 100 years •– Registered with SEC under Rule 415 (“shelf registration”) •– Sold on a “best efforts” basis
How about index-amortizing notes. Try to remember that one!
They are ‘medium term’ because they typically finance the space between CP and commercial bonds.
Shelf-registration
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.