How Floating Rate Notes Perform When Credit Spreads Widen

When credit spreads widen, corporate FRN prices may decline temporarily as investors demand greater compensation for credit ...

Bank of America Announces Redemption of €1,750,000,000 Floating Rate Senior Notes, due ...

Bank of America Corporation announced today that it will redeem on March 10, 2026 all €1,750,000,000 principal amount outstanding of its Floating Rate Senior Notes, due March 10, 2027 (ISIN: ...
Morningstar

PNC Announces Redemption of Senior Floating Rate Notes, 4.775% Senior Fixed Rate/Floating ...

PITTSBURGH, Jan. 6, 2026 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Jan. 15, 2026, of the following Senior Bank Notes issued by PNC Bank, ...
Seeking Alpha

What Drives Returns In Floating Rate Notes?

Returns in floating rate notes are driven by two main components: short-term interest rates and credit spreads. What Drives Returns in Floating Rate Notes? Corporate floating rate notes (FRNs) are ...
Morningstar

Citigroup Announces $2.5 Billion Redemption of 1.122% Fixed Rate / Floating Rate Notes Due 2027

Citigroup Inc. is announcing the redemption, in whole, constituting $2,500,000,000 of its 1.122% Fixed Rate / Floating Rate Notes due 2027 (the “notes”) (ISIN: US17327CAM55). The redemption date for ...
Business Wire

Citigroup Announces $2.5 Billion Redemption of 1.122% Fixed Rate / Floating Rate Notes Due 2027

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $2,500,000,000 of its 1.122% Fixed Rate / Floating Rate Notes due 2027 (the “notes”) (ISIN: US17327CAM55) ...