discount note

"However, contractual cash interest payments are required on the holding company senior discount notes, beginning in June of 2005."

These discounted notes were wonderful instruments as long as everyone in the town knew the redemption rates.

G.E. Capital also will buy $60 million of the psychiatric company's senior discount notes.

One month after the buyout, the company issued an additional $250 million in discount notes which were used to pay the consortium dividends.

Even a branch bank could discount notes of other branches of the same bank.

Freddie Mac has not offered debentures since 1986 and has instead done most of its financing through the issuance of short-term discount notes.

The company said more than 90 percent of senior subordinated discount notes and about 85 percent of subordinated debentures had been tendered.

In later articles with Gilbert Sussman, Moore undertook an empirical survey of actual banking practices in discounting notes.

The discount notes are rated B-3 by Moody's Investors Service and CCC+ by the Standard & Poor's Corporation.

The medium-term notes are expected to be ranked equally with those of the Federal Farm Credit Banks' consolidated systemwide bonds, discount notes and other unsecured debt.

On Friday, Bloomberg market terminals also showed Farmer Mac's discount notes as having top ratings from Standard & Poor's and Fitch Ratings.

Each unit would consist of $5,000 principal amount of senior secured discount notes and a warrant to purchase $1,000 principal amount of the discount notes.

Hallmark said yesterday that it had dropped that requirement and accepted $162.7 million in subordinated discount notes and $89.2 million in subordinated debentures that were tendered under the offer.

Earlier yesterday, Columbia Gas, based in Wilmington, Del., said it had made arrangements to pay accrued interest on its interest-bearing notes that are overdue and pay post-maturity interest on its short-term discount notes.

Move by Trump Elsewhere in the corporate debt market, the Trump Taj Mahal Finance Company has filed with the Securities and Exchange Commission to raise $125 million through the sale of discount notes and warrants to purchase such securities.

A primary benefit of FHLBank membership is access to low cost secured borrowings, known as advances, which are funded by the FHLBanks in the capital markets from the issuance of discount notes or term debt, collectively known as consolidated obligations (COs).