Floating rate note: Difference between revisions
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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 | (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 == | == See also == | ||
* [[Benchmark]] | |||
* [[Bond]] | * [[Bond]] | ||
* [[Capped FRN]] | * [[Capped FRN]] | ||
* [[Convertible FRN]] | * [[Convertible FRN]] | ||
* [[ | * [[Coupon]] | ||
* [[Interest rate]] | |||
* [[Margin]] | |||
* [[Maturity]] | |||
* [[Nominal bond]] | * [[Nominal bond]] | ||
* [[Notes]] | |||
[[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'.
