Income: the notes will pay interest quarterly at a rate equal to the floating interest rate, provided

For example, an investor may exchange a security’s floating interest rate for the fixed interest rate of another financial instrument.

A financial company that sells IRSwaps is selling an agreement to pay floating interest rates for fixed interest rates.

The non-recourse, bridge loan had a 3 year term, a low floating interest rate and was based off of 30 day Libor.

The 8-year loan, which is non-recourse to Kinross, matures in December 2027 and has a floating interest rate of LIBOR plus 4.38%.

For example, interest rate swaps, where floating rate interest is exchanged for fixed rate interest, protects a corporation against rises in rates or allows it to take advantage of a better rate.

The purchase prices for each series of Notes with a floating rate of interest, which are also listed in the tables below, were announced at the commencement of the Offers.