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Medium Term Notes

Through Thomas-Walthers unique and exclusive network we have direct access to both the primary and secondary markets. Thomas-Walther will ascertain your exact requirements and procedures and then link you to the provider that matches those requirements, that is only the beginning of Thomas-Walthers service we will also then support and assist both parties during the entire transaction to ensure a smooth and easy transaction.

Information about Medium Term Notes

A medium-term note (MTN) is a debt note that usually matures (is paid back) in 5–10 years. They can be issued on a fixed or floating coupon basis. When they are issued to investors outside the US, they are called “Euro Medium Term Notes”. Issuance of MTNs to investors based in the US requires a separate US MTN program.


MTNs can be issued with a fixed maturity date (noncallable) or can be issued with embedded call or put options and triggers where the notes will redeem early based on certain parameters. MTNs are most commonly issued as senior, unsecured debt of investment grade credit rated entities which have fixed rates. MTNs offer more flexibility to the issuer and investor both in terms of structure and documentation.


Public securities markets are either primary or secondary markets. In the primary market, the money for the securities is received by the issuer of the securities from investors, typically in an initial public offering (IPO). In the secondary market, the securities are simply assets held by one investor selling them to another investor, with the money going from one investor to the other.