Floating rate note: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Sjpacing 27/8/13) |
imported>Doug Williamson (Expand.) |
||
| Line 2: | Line 2: | ||
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). | 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''. | |||
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.
