# Bond, floating rate note and floating rate floater

- Canonical URL: https://www.gerhardmerk.de/bond-floating-rate-note-and-floating-rate-floater
- Post ID: 589972
- Modified: 2023-07-25T21:00:17+00:00
- Language: en

## Definition

A bond (mostly issued by public-sector entities) with a debtor's right to call the bond. This allows the issuer to redeem the issue early after a lock-up period on any interest date or to fix the interest rate again. The interest rate is usually determined on the basis of a reference interest rate. Recently, this has mostly been the 3-month EURIBOR. Floating-rate bonds do not include bonds that are provided with different interest rates at different times, such as federal savings notes. - Interest rate floaters can be structured in many different ways. In particular, caps and floors or an interest rate corridor can be specified in the bond terms and conditions. - See bond, rising-rate, bonbon, euro-bond, floater, floor, conversion bond, step-down bond. - See the Deutsche Bundesbank's monthly statistical supplement "Capital Market Statistics" for the scope of issues and the explanatory notes for important definitions and classifications. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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