floating-rate note

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Also found in: Financial.
Related to Floating Rate Bonds: Indexed bond, Convertible bonds, Zero Coupon Bonds

floating-rate note

n
(Banking & Finance) a eurobond, often issued as a negotiable bearer bond, that has a floating rate of interest
References in periodicals archive ?
Velcora Holding AB (Velcora), wholly-owned by IDEX Corporation (NYSE:IDEX), announced on Monday that Nasdaq Stockholm has now approved its application for delisting of the company's senior secured callable floating rate bonds (bonds) from Nasdaq Stockholm.
The State Bank of Pakistan on Wednesday auctioned Pakistan Investment Bonds worth Rs 309.415 billion for 3, 5 and 10 years in fixed and floating rate bonds.Cut off Yields for the Fixed Rate Bonds increased by 55 basis points to 14.25 percent for 3 years, remained the same at 13.80 percent for 5 years while the 10 year Cut off declined by 15 basis points to 13.55 percent.
In contrast, corporate and public sector entities in the eurozone issue floating rate bonds to a lesser extent.
The rate of interest on the Floating Rate Bonds, 2020 (FRB 2020) applicable for the half year December 21, 2017 to June 20, 2018 shall be 6.30 percent per annum.
30 (ANI): The Government of India has announced the sale (re-issue) of several floating rate bonds. The auctions will be conducted by the Reserve Bank of India (RBI) on November 3.
Pharmaceuticals company Orexo AB said on Friday that it will issue a notice of conditional early total redemption notice of its outstanding SEK342m (excluding the amount held by the company) senior unsecured callable floating rate bonds due 2018.
The floating rate bonds will be priced at the three-month Saudi interbank offered rate minus 25-30bps for the three-year tranche, minus 10-15bps for the five-year tranche and flat to 5bps over for the seven-year tranche.
The floating rate bonds bear an interest at the rate of 3.25 percent per annum over the discounted rate of the Central Bank of Kuwait, capped at 6.75%, in effect on the rate fixing dates.
The board discussed the refinancing of the floating rate bonds facility expected to mature in 2013.
The A3 rating on GIB's SAR3,500 million Floating Rate Bonds, due 2015, issued by the bank's Saudi branch
The debt was sold in two tranches, including a JPY36.6bn bond with a fixed-rate coupon of 1.04% and a JPY22.7bn floating rate bonds, carrying a coupon 0.55 percentage points above three-month yen LIBOR.
In a press release Sunday, CFE said it placed MXN3.25 billion in floating rate bonds paying annual interest of 0.45 percentage points over the TIIE interbank rate, which was 4.9% Friday.
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