Seeking Alpha

How Floating Rate Notes Perform When Credit Spreads Widen

Corporate floating rate notes (FRNs) are often discussed when talking about interest rate risk, but credit conditions also play an important role in shaping returns. While FRN coupons adjust with ...
Seeking Alpha

What Drives Returns In Floating Rate Notes?

Income rather than price is the primary driver of FRN returns. As policy rates and SOFR move, FRN coupons adjust accordingly, allowing income to rise in higher-rate environments and decline when rates ...

Assessing Stora Enso (HLSE:STERV) Valuation After €1b Hybrid Bond Issuance To Refinance Debt

Stora Enso Oyj (HLSE:STERV) has just completed a €500 million fixed income offering in fixed to floating rate perpetual notes, as part of a broader €1 billion hybrid bond issuance aimed at refinancing ...
Morningstar

Citigroup Announces $2.5 Billion Redemption of 1.122% Fixed Rate / Floating Rate Notes Due 2027

Citigroup Inc. is announcing the redemption, in whole, constituting $2,500,000,000 of its 1.122% Fixed Rate / Floating Rate Notes due 2027 (the “notes”) (ISIN: US17327CAM55). The redemption date for ...
Business Wire

Citigroup Announces $1.0 Billion Redemption of 1.281% Fixed Rate / Floating Rate Notes Due 2025

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $1,000,000,000 of its 1.281% Fixed Rate / Floating Rate Notes due 2025 (the “notes”) (ISIN: US172967ND99) ...