Floating rate note: Difference between revisions
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imported>Doug Williamson (Add alternative name.) |
imported>Doug Williamson (Update for LIBOR transition.) |
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(FRN). | (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 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). | ||
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== See also == | == See also == | ||
* [[Benchmark]] | |||
* [[Bond]] | * [[Bond]] | ||
* [[Capped FRN]] | * [[Capped FRN]] | ||
* [[Convertible FRN]] | * [[Convertible FRN]] | ||
* [[Nominal bond]] | * [[Nominal bond]] | ||
[[Category:Financial_products_and_markets]] | [[Category:Financial_products_and_markets]] | ||
Revision as of 16:45, 14 April 2022
(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'.
