Debt security
Types of debt securities:
Secured Notes
- Bond: A bond is a debt security, traditionally bearing a fixed rate of interest, and issued as a stand-alone (rather than off an MTN programme).}
- Note: A note is a debt security, traditionally bearing a floating rate of interest, and issued as a stand-alone (rather than a medium term note, which is issued off an MTN programme).
- Medium term note (or "MTN"):
- Convertible bond:
- Subordinated note: