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Describe Euronote market

Describe Euronote market
Euronotes are short-term notes written through a group of international investment or commercial banks termed a “facility.”  A client-borrower makes an agreement along with a facility to issue Euronotes in its own name for period of time, normally three to 10 years.  Euronotes are sold at a discount through face value, and pay back the full face value at maturity.  Typically Euronotes contain maturities of from three to six months. 

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