Consider the following statements regarding medium term note (MTN) programme:begin{enumerate}item Medium term note (MTN) is a debt bond which usually matures in 5 to 10 years.item Recently Union Bank of India has hit the global debt market to raise around USD 500 million through bond issuance.item Medium term note (MTN) is a debt and which usually matures in 7 to 12 yearsend{enumerate} Which of the statements given above is/are correct?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Consider the following statements regarding medium term note (MTN) programme:

A	is a debt bond which usually matures in 5 to 10 years.
B	is a debt and which usually matures in 7 to 12 years
C	1 only
D	2 only
E	Both 1 and 2
F	only 3

Explanation:

Detailed explanation-1: -Medium-term note (“MTN”) programs are continuous offering programs that allow issuers to offer debt securities in an efficient and expedited manner. MTN programs have unique documentation laid out at the launch, which differs from benchmark underwritten offerings.

Detailed explanation-2: -What are the Medium-Term Notes (MTN)? The medium-term notes continuously issue debt securities, with maturities usually 5 to 10 years. Unlike bonds published once, MTN is printed and constantly sold by a dealer or various dealers over some time.

Detailed explanation-3: -What Is a Medium Term Note (MTN)? A medium-term note (MTN) is a note that usually matures in five to 10 years.

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