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Frances · 2024年09月11日

FRN

  1. CFA I
  2. Fixed Income

* 问题详情，请 查看题干

NO.PZ202305230100000103

问题如下：

Antelas AG’s issuer-specific credit spread rises by 25 bps p.a. one year after the FRN issuance. Which of the following best describes how Antelas AG’s FRN coupon would change as a result?

选项：

A.

Antelas AG’s FRN coupon payment to investors will immediately increase by 25 bps p.a.

B.

Antelas AG’s FRN coupon payment to investors will increase by 25 bps p.a. but will not become effective until the next full debt coupon period begins.

C.

Antelas AG’s FRN coupon will remain unchanged.

解释：

C is correct. For the Antelas AG FRN, the spread is fixed at 250 bps and the coupon will only change with changes in the MRR.

FRN全称是什么 字数不够

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3 个答案

吴昊_品职助教 · 2024年10月28日

嗨，爱思考的PZer你好：


MRR：market reference rate

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虽然现在很辛苦，但努力过的感觉真的很好，加油！

品职答疑小助手雍 · 2024年09月13日

FRN coupon rate = MRR + Credit spread这里面只有MRR是不断根据市场变化的，credit spread在期初issue的时候就固定下来了。

二狗 · 2024年10月27日

MRR全程又是什么

品职答疑小助手雍 · 2024年09月12日

嗨，从没放弃的小努力你好：


Floating Rate Notes，浮动利率债券（票据）。

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就算太阳没有迎着我们而来，我们正在朝着它而去，加油！

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