how do you read FRN quote 3m$L+104bps
Hi everyone, I'm a little new to fixed income securities and I wanted to know how do you read these quotes for floating rate notes (e.g. FRN: 3m$L+104bps). thank you very much.
Just tells you that the note pays a regular coupon of 3M USD LIBOR + 1.04%. Assume all other conventions to be standard.
Rerum libero non est similique nobis ut qui. Quo error voluptas ratione sit. Et et deserunt quod culpa reiciendis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...