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Perpetual Floating-rate note
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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Why the 3–5 Year Corporate Bond Segment Looks Promising Right Now
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Why RBI’s Floating Rate Bonds Are Getting So Popular
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