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Market Guides > The all in cost of floating rate issuance

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Published: 20th September 2009 by William Webster

Floating rate notes (FRNs) are bonds that pay investors a regular coupon linked to short term interest rates like three or six month Libor. This can suit the investor and issuer alike. The cost of issuance is key to the borrower. Discounts to par value and margins must be taken into account. Find out more about the all in cost.

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Document Summary

Floating rate notes. Margins, all in cost example. Discounts to par value, all in cost example. Simple and discounted margin example.

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