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5. Corporate borrowers often have different needs in relation to their borrowing requirements. The medium-term note (MTN) is designed to meet these varying needs as
5. Corporate borrowers often have different needs in relation to their borrowing requirements. The medium-term note (MTN) is designed to meet these varying needs as the MTN facility is typically not homogeneous.
a. Explain and give examples of the non-homogeneous nature of the MTN.
b. What steps have been taken to prevent the non-homogeneous nature of the notes resulting in a fragmented, poorly developed secondary market in MTN?
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