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floating-rate note
(redirected from Variable-Rate Bond)

   Also found in: Financial 0.01 sec.
floating-rate note
n
(Economics, Accounting & Finance / Banking & Finance) a eurobond, often issued as a negotiable bearer bond, that has a floating rate of interest


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9 /PRNewswire/ -- Officials with the National Benevolent Association (NBA) announced today that the 117-year-old charity received a 30- day extension, to October 15, 2003, from KBC Bank on letters of credit issued by the bank to support the NBA's $63 million of variable-rate bonds.
The rating affects approximately $216 million of outstanding rated debt, including approximately $63 million of variable-rate bonds backed by letters of credit provided by KBC Bank.
GO variable-rate bonds series 2005A1 (LOC: Fortis Bank) --GO variable-rate bonds series 2005A2 (LOC: Credit Agricole Corporate and Investment Bank (formerly known as Calyon)) --GO variable-rate bonds series 2005A3 (LOC: Bank of America, N.
 
 
 
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