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What does Euro medium-term note program mean?

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Euro medium-term note program
Noun
AE

A standardized issuance platform for issuance of Euro medium-term notes in the public Euro markets as well as for private placements, whereby the securities are not underwritten but, instead, put in place by an arranging bank and marketed by dealers on a best-efforts basis.

Synonym(s): 
  • EMTN program.
  • [BE]: Euro medium-term note programme
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