Floating Rate Bonds are securities that do not have a fixed coupon rate
Floating Rate Bonds are securities that do not have a fixed coupon rate
The Reserve Bank of India (RBI) set the rate of interest on the 10-year floating rate bonds (FRB 2020). The applicable coupon for the half year December 21, 2012 to June 20, 2013 shall be 8.15% per annum, the central bank on Thursday said in a release.