Term:
Structured floating rate notes
Definition:
The structured floating-rate note is a variation of a standard variable-rate bond (that is, a long-dated debt security whose coupon payment is reset periodically by reference to an independent interest rate index such as six-month LIBOR).
Domain:
Finance
Source:
IMF, 2003, External Debt Statistics: Guide for Compilers and Users – Appendix 1. Special financial instruments and transactions: classifications, IMF, Washington DC
