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 ...

Earlier this month, SLM Corporation launched a cash tender offer for any and all of its 3.125% senior notes due November 2, 2026, alongside pricing a US$500,000,000 fixed-to-floating rate senior notes ...

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, ...

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 ...

NEW YORK, July 17, 2025 /PRNewswire/ -- The Bank of New York Mellon Corporation ("BNY") (NYSE: BK), a global financial services company, today announced that it will redeem all of the issued and ...

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Investment Grade Floating Rate Index (the "Floating Rate Index").

CHARLOTTE, N.C., March 2, 2026 /PRNewswire/ -- 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 ...

Renasant Corporation (NYSE: RNST) (the “Company”), the parent company of Renasant Bank, today announced the pricing of its public offering of $300 million aggregate principal amount of 6.25% ...

Paris- May 6, 2026. Atos S.E. (the " Company ”) announced today that it has launched an offering (the " Offering ”) of senior ...

PNC Financial Services Group will redeem all $1.25 billion of its 4.543% senior fixed/floating rate notes on May 13, 2026, ending interest accrual on that date. Holders will receive full principal ...

Income rather than price is the primary driver of FRN returns. As policy rates and SOFR move, FRN coupons adjust accordingly, allowing income to rise in higher-rate environments and decline when rates ...