Dictionary of Banking Terms: euronote
euronote
short-term unsecured promissory notes issued by high quality corporate, financial, or sovereign borrowers. An alternative to syndicated credit facilities, Euronotes have maturities of 7 to 365 days. The most active sector is notes of 30- to 180-day maturities. Typically, Euronotes are issued in bearer form and sold at discount. Euronotes are denominated in dollars or the European Currency Unit
