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   Medium-Term Notes (MTN)
   















 

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Medium-Term Notes (MTN)

Plain vanilla debt instruments with a fixed rate and fixed maturity (typically less than seven years, but occasionally much longer). Medium-term notes are the basic component of the debt issuance programs of many investment grade borrowers. A medium-term note yield can serve as the base rate for a swap payment and an MTN component can be part of a hybrid security.

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