floating-rate note

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Also found in: Financial.
Related to Floating Rate Securities: Variable Rate Bond

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 ?
Brian Upbin, head of Benchmark Index Research, said 'The issuance of floating rate securities by the US Department of the Treasury is a significant and highly anticipated event for bond investors.
Head of Benchmark Index Research Brian Upbin commented "The issuance of floating rate securities by the US Department of the Treasury is a significant and highly anticipated event for bond investors.
Due to their variable coupon resets, US Treasury Floating Rate securities will not be eligible for existing flagship indices such as the US Aggregate, Global Aggregate, and US Treasury Indices that include fixed-rate securities only.
A statement the Treasury Undersecretariat said that the coupon payment of floating rate securities with a maturity date of October 10, 2014 is indexed to CPI.
He covers basic financial arithmetic, cash flows, bonds calculations, bonds risks, floating rate securities, amortization and depreciation, swaps, forward interest rates, futures, foreign exchange, options and real options, valuation, leasing, and basic statistics.
The Sicav fund, initiated on December 18, is benchmarked against the iBoxx Euro Corporate BBB Index and makes the bulk of its investments in euro-denominated bonds and other fixed and floating rate securities issued by firms, governments, and supra-national issuers globally.
government floating rate securities of longer maturities provided that the interest rate on such securities resets no less frequently than 397 days.
TOBs are floating rate securities issued by trusts into which a fund has deposited municipal securities.
The fixed - to floating rate securities are cumulative, with interest deferrable for up to five years without triggering an alternative payment mechanism, and up to ten years without triggering an event of default.