The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

EURO MEDIUM-TERM NOTE (EMTN) Definition & Legal Meaning

Definition & Citations:

A FIXED INCOME security issued by a company or sovereign entity in the EUROMARKETS from a standing program arranged by an UNDERWRITER; once the program is registered issuance can take place at will. Financing via an EMTN program gives an issuer considerable flexibility in accessing funds in the form, and at a time, deemed most beneficial. EMTNs can be issued in a range of currencies and maturities (up to 30 years), in fixed rate, floating rate, collateralized, amortizing, and creditsupported form. A single issue from an EMTN program can be likened to a EURONOTE or EUROBOND. See also EURO COMMERCIAL PAPER, MEDIUMTERM NOTE.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.