floating-rate note

(redirected from Variable Rate Bonds)
Also found in: Financial.

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 ?
For universities that have used only fixed rate bonds, considering variable rate bonds is a departure from tradition.
9 million in variable rate bonds under the 2003 indenture with this issuance.
The SBPA provides for payment of the purchase price of tendered bonds and is sized to cover the principal portion of the purchase price and 188 days of interest at a rate of 12% based on a 360-day year for the tax exempt variable rate bonds and 188 days of interest at a rate of 15% based on a 360-day year for the taxable variable rate bonds.
The SBPA provides for payment of the purchase price of tendered bonds and is sized to cover the principal portion of the purchase price and 186 days of interest at a rate of 12% based on a 360-day year for the tax exempt variable rate bonds and a rate of 15% based on a 360-day year for the taxable variable rate bonds.
4 million of RS series 2001A variable rate bonds and $100 million of PUF notes.
The short term 'F1+' rating affirmation on the outstanding variable rate demand reflects the level of investments that would be available in the event of a failed remarketing of the variable rate bonds (VRDBs).
Novant currently has one swap transaction in effect with a notional amount of $135 million to hedge its series 2004A and 2004B variable rate bonds.
The series 2001B variable rate bonds also have a short term rating of 'F1+' due to a standby bond purchase agreement with JP Morgan Chase Bank N.
The system ended FY2005 with a very high 1,300 days of cash on hand, although officials anticipate reducing the cash position somewhat in the near-term to defease outstanding variable rate bonds.
The series 2006 C, 2006D, and 2006E variable rate bonds are expected to price on June 7.
2 million Oregon DOT highway user tax revenue subordinated lien bonds series 2006B-1 and 2006B-2 variable rate bonds.
1 million outstanding 2005 series A through E, 2004 series A through I, 2003 series A through G, 2002 Series A through G, 2001 series A and 2000 series C through G, class I variable rate bonds at 'AAA/F1+' and class I fixed rate bonds at 'AAA';
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