Floating Rate Bond
On 1st January, 2021, the Reserve Bank of India (RBI) rejected all the bids it received at the auction of the 10-year benchmark Government Security (G-Sec) and Floating Rate Bond (FRB) maturing in 2028 as market players wanted to buy these papers at higher yields.
About Floating Rate Bonds (FRBs)
- It is a debt instrument that does not have a fixed coupon rate, but its interest rate fluctuates based on the benchmark the bond is drawn.
- FRBs were first issued in September 1995 in India.
- The change in interest takes place at pre-announced intervals, for example, every six months or every year. ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Undercapitalization of Indian Debt Market
- 2 Mutual Credit Guarantee Scheme for MSMEs
- 3 National Critical Minerals Mission
- 4 Diamond Imprest Authorization Scheme
- 5 Team Initiative:Boosting Digital Commerce for MSMEs
- 6 Extra-long Staple Cotton
- 7 National Manufacturing Mission
- 8 Financialisation of the Economy
- 9 Bharat Cleantech Manufacturing Platform
- 10 Logistics Ease Across Different States (LEADS) 2024 Report
