Derivatives
Clean Price of Bond
August 28, 2021
Derivatives
Macroeconomic Swap
August 28, 2021

A floater that can be given back to the issuer by the holder at put price before maturity date. In other words, it is a floater with a put option (embedded put provision) that gives the right to the holder (bondholder) to return the note (bond) if holding it is no more beneficial from the holder’s perspective.

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