The ten-year, non-call five subordinated bonds with a fixed rate will pay 275 basis points over the local benchmark rate
for the first five years, after which the rate will be reset to the prevailing local benchmark rate
at that time.
The HKMA already announced in December that it was probing UBS AG (NYSE:UBS) for possible misconduct with the benchmark rate
It is time the banks were required to make a formal statement in response to a change in the ECB's benchmark rate
The Banca Nationala a Romaniei announced May 2 that it is keeping the benchmark rate
unchanged at 5.
Summary: DUBAI - Mubadala Development, a state-owned Abu Dhabi investment company, plans to pay 45 basis points above the benchmark rate
on a $2 billion credit facility it's raising, according to two bankers familiar with the plan.
The Mexican central bank's benchmark rate
had been at 4.
Thomson Reuters has added leading Islamic scholars and bankers to the supervisory bodies of the Islamic Interbank Benchmark Rate
(IIBR), expanding geographic and community representation on IIBR Shariah panel and Islamic benchmark committee.
MANAMA: The world's first Islamic finance benchmark rate
was launched yesterday by Thomson Reuters.
If the benchmark rate
is too high, people and companies find it difficult to service the interest.
Financial industry sources said Sunday that major commercial banks raised the rate on housing loans, which is set proportionally to the certificate of deposit rate, after the benchmark rate
was increased a quarter of a percentage point July 9.
5% above Bank Indonesia's benchmark rate
as requested by the central bank.
lt;p>The central bank cut the benchmark rate