floating-rate note

(redirected from Variable Rate Bond)
Also found in: Financial.
Related to Variable Rate Bond: Frn, Floating Rate Securities

floating-rate note

n
(Banking & Finance) a eurobond, often issued as a negotiable bearer bond, that has a floating rate of interest
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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The YAA Rollover Bond, a one-year fixed-rate bond pays 2% gross/AER, and the YAA Variable Rate Bond, a one-year variable rate bond paying 1.75% gross/AER (Bank of England base rate plus 1.25%), are available at branches of Yorkshire Building Society and Barnsley Building Society.
The YAA Rollover Bond, a one-year fixed-rate bond pays 2.00% gross/AER, and the YAA Variable Rate Bond, a one-year variable rate bond paying 1.75% gross/AER (Bank of England base rate plus 1.25%), are available at branches of Yorkshire Building Society and Barnsley Building Society.
However, issuers and conduit borrowers now have clearer direction on what constitutes simple integration on underlying variable rate bond issues.
Many consider the use of two variable rate bond products: Auction Rate Securities (ARS) and Variable Rate Demand Bonds (VRDBs).
An interest rate cap is used when a variable rate bond issuer enters into a contract with a counterparty (typically a financial institution) to maintain interest rate payments within pre-established limits.
FHA Multifamily Mortgage Insurance Variable Rate Bond Credit Enhancement
COVENTRY Building Society launched a new variable rate bond with introductory bonus and base rate guarantee today.
American Property Financing (APF) recently announced the completion of a $113.7 million Fannie Mac variable rate bond credit transaction for The Atlas in New York City.
In refunding transactions this swap would be combined with the issuance of a variable rate bond to provide the funds to refund the outstanding bond.
The bonds will be remarketed as variable rate bonds in the daily interest rate mode.
The $641,160,000 Series A of September 2018 were a takeout of the State's $600 million in 2003B variable rate bonds and the termination of five swaps associated with those bonds.
Fitch Ratings took the following rating actions on the Triborough Bridge and Tunnel Authority, NY's $122,565,000 general revenue variable rate bonds, series 2001C:
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