Go to Statistics Portal

CONVERTIBLE RATE FLOATING-RATE NOTES

Statistics Directorate    
Definition:
Issue that carries the option to convert either from an initial floating-rate note into a fixed-rate bond or from a fixed-rate bond into a floating-rate note. This provides ways in which investors and borrowers can speculate or hedge against the future course of interest rates.

Source Publication:
Coordinated Portfolio Investment Survey Guide, Second Edition, International Monetary Fund, 2002, Washington DC. Appendix VI: Definition and Description of Instruments.

Hyperlink:
http://www.imf.org/external/pubs/ft/cpis/2002/pdf/cpis_index.pdf

Statistical Theme: Financial statistics

Created on Thursday, August 01, 2002