CCLB and Floating rate note: Difference between pages
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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). | |||
Sometimes known as a floating rate ''bond''. | |||
== See also == | == See also == | ||
* [[ | * [[Bond]] | ||
* [[ | * [[Capped FRN]] | ||
* [[ | * [[Convertible FRN]] | ||
* [[LIBOR]] | |||
* [[Nominal bond]] | |||
Revision as of 20:25, 14 November 2016
(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).
Sometimes known as a floating rate bond.
