FACI Floating Rate Note Series 3 2019 LB110

FACI Floating Rate Note Series 3 2019 LB110 is a floating rate note, a type of debt security that pays interest at variable rates tied to a reference benchmark. Issued in 2019, this financial instrument is designed to provide investors with returns that adjust over time according to prevailing market interest rates, thereby helping to mitigate the risk of interest rate fluctuations. The asset serves as a means for its issuer to raise capital from institutional and retail investors, typically appealing to those seeking a balance between income potential and lower price volatility compared to fixed-rate bonds. Floating rate notes like Series 3 2019 LB110 are commonly used by corporations, financial institutions, or government agencies to meet medium-term financing needs. They play an important role in diversifying the fixed income landscape, offering investors an option that responds dynamically to shifts in monetary policy and market rates.