Fixed rate notes debt
10 Mar 2020 Compared with fixed-rate debt instruments, floaters allow investors to benefit from a rise in interest rates since the rate on the floater adjusts A fixed-rate bond is a debt instrument with a set interest rate over its entire term, with regular interest payments known as coupons. Upon maturity of the bond, A floating rate note (FRN) is a debt instrument whose coupon rate is tied to a benchmark It is typically composed of a variable benchmark rate + a fixed spread.