189k views
0 votes
Unlike a bond issue, in which the entire issue is brought to market at once, _______ is partially sold on a continuous basis through an issuance facility that allows the borrower to obtain funds only as needed on a flexible basis.

User Pyro
by
8.5k points

1 Answer

5 votes

Answer:

euro medium-term note

Step-by-step explanation:

Based on the information provided within the question it can be said that the term being mentioned is a euro medium-term note. This is a debt instrument that require fixed payments that are issued to the market and allows the borrower to retrieve these funds if actually needed on a flexible basis. These are usually only traded and issued outside of the U.S. and Canada.

User Ryan Linton
by
8.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.