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Types of debt securities: | Types of debt [[Security|securities]]: | ||
Secured | ===[[Senior]]=== | ||
[[Secured note|Secured notes]] | |||
*[[Bond]]: {{bondcapsule}}} | ===[[Pari passu]]=== | ||
*[[Note]]: {{notecapsule}} | *'''[[Bond]]''': {{bondcapsule}}} | ||
*[[Medium term note]] (or “[[MTN]]”): {{mtncapsule}} At one time, [[MTN]]s were typically issued only for a medium term — up to about 5 years — but that's all gone now. They still get called [[medium term note]]s though. In practice standalone {{tag|bonds}} and {{tag|notes}} are far less common these days, because they’re such a faff to issue and list, whereas MTNs are much easier and do pretty much the same job. I know how much you love a {{tag|metaphor}}, so think of [[bond|bonds]] and [[note|notes]] as broadsheet newspapers, and [[MTN|MTNs]] as an android app. | *'''[[Note]]''': {{notecapsule}} | ||
*[[Convertible bond]]: | *'''[[Medium term note]]''' (or “[[MTN]]”): {{mtncapsule}} At one time, [[MTN]]s were typically issued only for a medium term — up to about 5 years — but that's all gone now. They still get called [[medium term note]]s though. In practice standalone {{tag|bonds}} and {{tag|notes}} are far less common these days, because they’re such a faff to issue and list, whereas MTNs are much easier and do pretty much the same job. I know how much you love a {{tag|metaphor}}, so think of [[bond|bonds]] and [[note|notes]] as broadsheet newspapers, and [[MTN|MTNs]] as an android app. | ||
*[[Subordinated note]]: | *'''[[Convertible bond]]''': | ||
===[[Subordinated]]=== | |||
*'''[[Subordinated note]]''': | |||
{{c|Securities}} | {{c|Securities}} |