Examples of Floating Rate Bonds in a sentence
Floating Rate Bonds are securities which do not have a fixed coupon rate.
The Rate of Interest payable from time to time in respect of Floating Rate Bonds will be determined in the manner specified in the applicable Final Terms.
The scheme may also invest in debt instruments such as non convertible portion of Convertible Debentures (Khokas), Non Convertible Debentures, Securitized Debt, Secured Premium Notes, Zero Interest Bonds, Deep Discount Bonds, Floating Rate Bonds / Notes, Government securities and Money Market Instrument like Repos, Commercial Paper, Certificate of Deposit, Treasury Bills, etc.
This Condition 6(c) is applicable only if the relevant Final Terms specify the Bonds as Floating Rate Bonds.
Floating Rate Bonds are instruments where the coupon rate is variable and is calculated using a certain predetermined methodology.