Floating rate note: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Update for LIBOR transition.) |
(Add links.) |
||
| Line 12: | Line 12: | ||
* [[Capped FRN]] | * [[Capped FRN]] | ||
* [[Convertible FRN]] | * [[Convertible FRN]] | ||
* [[Coupon]] | |||
* [[Interest rate]] | |||
* [[Margin]] | |||
* [[Maturity]] | |||
* [[Nominal bond]] | * [[Nominal bond]] | ||
* [[Notes]] | |||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Latest revision as of 05:02, 30 March 2024
(FRN).
A bond, normally with a fixed maturity, where the interest coupon is adjusted at regular intervals reflecting the prevailing market rate (usually at a margin over a benchmark interest rate).
Sometimes known as a floating rate bond, or a 'floater'.
