The article is devoted to peculiarities of issue and circulation of floating rate bonds. It’s a very important topic because of the access of government inflation-linked bond to the Russian debt market in 2015. Floating rate notes issued by the government are the subject of the study. Assessment of the issue of floating rate notes for Russia in the current economic environment is the aim of the study. The article presents a classification of types of floating rate notes and examines positive and negative aspects of this type of securities. This paper presents a review of international experience in the sphere of issue of government securities with floating coupon. We examine the possibilities of the use of such securities in the current Russian practice at the Federal and subfederal levels. After the assessment of the prospects for the use of floating rate notes, the author justified the proposal to expand the use of floating rate notes not only at the federal level, but also at the level of the entities of the Russian Federation. In conditions of insufficiency of funds for covering budget expenditures, the diversification of debt instruments in domestic financial market facilitates solving not only the main problems of deficit budget, but would support financial market in difficult economic conditions.
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