Bearer bond issued by a bank to provide capital to a specific company, usually for a period of two to fifteen years. As a rule, the securities are introduced on the stock exchange; however, they also occur as private placements (essentially a plain vanilla debt security, generally with a fixed coupon and maturity date; MTNs represent senior, unsecured, investment grade). – See commercial papers, credit-linked notes, euro notes, notes.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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