Perpetual Floating-rate note

Sohini Ghosh

13 sec Read

28 Dec 2020

bonds

bondskart

floaters

floating rate

It is a type of bond which has variable interest rates. The interest rates of FRN's are tied to a benchmark. Floating rate notes or floaters can be issued by financial institutions, governments, and corporations in maturities of two-to-five years.

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JM Financial Services Ltd.

Corporate Identity Number: U67120MH1998PLC115415

https://www.jmfinancialservices.in

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JM Financial Services Limited, 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025.
Tel.: (022) 6630 3030. Fax: (022) 6630 3223

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JM Financial Services Limited, 5th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025.
Tel.: (022) 6704 0404. Fax: (022) 6704 3139

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