Hint mode is switched on Switch off

Ratchet bond (Rate adjustable bond)

Category — Bond Types
A Ratchet bond (Rate adjustable bond) is a rate-adjustable bond that has a coupon rate that adjusts periodically at a fixed quoted margin over a non-money market reference rate. However, it can only adjust downward based on a coupon formula. Once the coupon rate is adjusted down, it cannot be readjusted up if the reference rate subsequently increases. Essentially, this bond allows investors to replicate the cash flow pattern created by a series of standard callable bonds.
Terms from the same category

Find Any Data on Any Bond in Just One Click

Full data on over 800,000 bonds and stocks worldwide

Powerful bond screener

Ratings from the top 3 global ratings agencies, plus over 70 local ones

Over 300 pricing sources from the OTC market and world stock exchanges

Get access

— Are you looking for the complete & verified bond data?

— We have everything you need:

full data on over 700 000 bonds, stocks & ETFs; powerful bond screener; over 350 pricing sources among stock exchanges & OTC market; ratings & financial reports; user-friendly interface; available anywhere via Website, Excel Add-in and Mobile app.



You will have detailed descriptive & pricing data for 650K bonds, 76K stocks, 8K ETFs
Get full access to the platform from any device & via Cbonds app
Enhance your portfolio management with Cbonds Excel Add-in
Build yield maps, make chart comparison within a click
Don't wait any longer — start using Cbonds today! Register
Registration is required to get access.