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Suppose you want to sell a 120-day oating-rate note with a face value of $100,000 and a coupon rate of LIBOR + 0.5%. The current
Suppose you want to sell a 120-day oating-rate note with a face value of $100,000 and a coupon rate of LIBOR + 0.5%. The current LIBOR is 2% and the required yield spread by investors is 0.25% over the reference rate. The price you would receive for this FRN is
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The Handbook Of Loan Syndications And Trading
Authors: Marsh, Lee Shaiman, Bridget Marsh
2nd Edition
1264258526, 978-1264258529
