A Look At OFG Bancorp (OFG) Valuation After Its New Fixed To Floating Note Issue

Why OFG Bancorp’s new bond issue matters for shareholders OFG Bancorp (OFG) recently launched a US$200 million fixed to floating rate note offering due 2036, a funding move that could reshape its ...

Citibank Announces $2 Billion Redemption of 5.438% Notes Due 2026 and $1 Billion Redemption of Floating Rate Notes Due 2026

Citibank, N.A. is announcing the redemption, in whole, constituting $2,000,000,000 of its 5.438% Notes due 2026 (the “fixed rate notes”) (ISIN: US17325FBF45) and $1,000,000,000 of its Floating Rate ...
Seeking Alpha

How Floating Rate Notes Perform When Credit Spreads Widen

Corporate floating rate notes (FRNs) are often discussed when talking about interest rate risk, but credit conditions also play an important role in shaping returns. While FRN coupons adjust with ...

Bank of America’s Funding Shift From Floating to Fixed: Subtle Clue About BAC’s Risk Strategy?

In early March 2026, Bank of America Corporation issued several new senior unsecured fixed and zero-coupon notes across ...
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 ...
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Invesco AAA CLO Floating Rate Note ETF declares monthly distribution of $0.1102

Invesco AAA CLO Floating Rate Note ETF (BATS:ICLO) - $0.1102. 30-Day SEC Yield of 5.58% as of Sept. 19. Payable Sep 26; for shareholders of record Sep 22; ex-div Sep 22. AAA CLO ETFs: Should You Go ...