Floating rate note: Difference between revisions
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imported>Doug Williamson m (Sjpacing 27/8/13) |
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(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 LIBOR). | (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 LIBOR). | |||
== See also == | == See also == | ||
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* [[LIBOR]] | * [[LIBOR]] | ||
* [[Nominal bond]] | * [[Nominal bond]] | ||
Revision as of 13:53, 27 August 2013
(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 LIBOR).