Floating rate note: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand.) |
imported>Doug Williamson (Add alternative name.) |
||
| Line 4: | Line 4: | ||
Sometimes known as a floating rate ''bond''. | Sometimes known as a floating rate ''bond'', or a 'floater'. | ||
| Line 13: | Line 13: | ||
* [[LIBOR]] | * [[LIBOR]] | ||
* [[Nominal bond]] | * [[Nominal bond]] | ||
[[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'.
