Fixed rate bonds pay a pre-determined coupon and FRNs pay coupons at a premium above the bank's fixed deposit rate.
2
因为银行存款利率很低,每年2.5%,低于通货膨胀率,银行可以豪不困难的找到寻找高额回报的投资者。
With Banks' deposit rates so low-at 2.5% for one year, the rate is below the level of inflation-banks had no trouble finding investors seeking a higher return.