medium-term note

Underwriters and terms of the securities, probably medium-term notes, will be announced later.

Columbia University said it planned to enter the debt market later this month with a $50 million issue of a taxable medium-term note program.

Net proceeds from the offering, consisting of senior and subordinated medium-term notes, will be used for working capital.

The bonds will be designated medium-term notes.

There are still no individual stock options, junk bonds, floating-rate notes or medium-term notes, for instance.

Under the program, Freddie Mac may issue up to $1.5 billion in unsecured medium-term notes, which will be the general obligations of the corporation.

Net proceeds will be used as working capital and to pay American Capital's outstanding medium-term notes and loans.

The company said that it would refinance the issue through secured medium-term notes and that it anticipated savings of more than $10.5 million.

Medium-term note (MTN) programmes are the vehicle for most investor-driven private placements.

Mr. Valenzuela said that if the proposed offering was successful, Mexico would try to move toward medium-term notes and then eventually long-term bonds.

The Federal National Mortgage Association said today that it would redeem $160 million worth of medium-term note issues on varying dates next year.

The bank's long-term deposit rating and its rating on medium-term notes was reduced to Baa-2, from Baa-1, by Moody's.

The gain recouped part of Friday's $3 loss that followed the abrupt cancellation of a proposed $100 million sale of medium-term notes.

The C.D.'s sold through brokers are also a low-cost replacement for commercial paper and the medium-term note, which have become more difficult and costly to sell.

Pepsico Inc. set the interest rate yesterday on a $250 million medium-term note issue through underwriters led by Morgan Stanley & Company.

The Treasury is expected to borrow actively in the short-term bill market this week, leaving securities dealers time to distribute last week's heavy supply of medium-term notes.

It also raised the ratings for medium-term notes, Swiss franc bonds and unsecured pollution control bonds to Baa-2, from Baa-3.

Until two months ago, Bloomberg's terminals also incorrectly characterized Farmer Mac's medium-term notes as Aaa, according to market participants.

The Regal Real Estate Investment Trust on the establishment of its US$1 billion medium-term note program.

Michigan Bell, a subsidiary of Ameritech, has filed the second phase of its $300 million medium-term note program, providing for the issuance of notes overseas.

Among the issuers was Coca-Cola Enterprises, which offered $250 million of medium-term notes through an underwrting group led by Lehman Brothers.

The Federal Farm Credit Banks Funding Corporation announced yesterday that it plans to enter the debt market with a new billion-dollar medium-term note program.

But Mr. Maughan said Salomon had resumed selling commercial paper and medium-term notes, which were suspended after the scandal arose in August.

Right now, the five Fidelity funds' annual and semiannual reports describe Farmer Mac's medium-term notes as rated Aaa by Moody's.

Banca Nazionale del Lavoro, Italy's largest bank, has become the first Italian issuer of medium-term notes in the United States.