Any fans of Floating Rate Notes?, page-10

The main issue with these is that they are way down the creditor list if the company fails.

You can get similar income from senior notes from reputable companies. Choose notes that are BBB rated or better and you are pretty safe. Of course, the higher the rating and the better the seniority, the lower the coupon rate.

ppl like FIIG (not an endorsement) trade in these.