A commercial bank will launch a medium term note (MTN) programme to ___:
A commercial bank will launch a medium term note (MTN) programme to ___:
[A]Provide loans
[B]Raise Funds
[C]Sell Equity
[D]Purchase shares
Raise Funds
Medium term note (MTN) is a debt bond which usually matures in 5 to 10 years. Obviously it is used for raising funds in domestic or international markets. Recently Union Bank of India has hit the global debt market to raise around USD 500 million through bond issuance.