View source for Floating rate note

(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'.


== See also ==
* [[Benchmark]]
* [[Bond]]
* [[Capped FRN]]
* [[Convertible FRN]]
* [[Nominal bond]]

[[Category:Financial_products_and_markets]]