CCLB and Floating rate note: Difference between pages
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imported>Doug Williamson (Add alternative name.) |
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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'', or a 'floater'. | |||
== See also == | == See also == | ||
* [[ | * [[Bond]] | ||
* [[ | * [[Capped FRN]] | ||
* [[ | * [[Convertible FRN]] | ||
* [[LIBOR]] | |||
* [[Nominal bond]] | |||
[[Category: | [[Category:Financial_products_and_markets]] | ||
Revision as of 19:31, 1 December 2018
(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, or a 'floater'.
