The owner of a floating interest rate agreement
cannot exercise ownership rights over the assets prior to the crystallisation of the floating charge.
In addition the construction loan requires the Company to enter two interest rate agreement
the first agreement which covers the period of construction and lease up and expires in January 2005, is designed to manage the interest exposure of the construction loan.
The bonds remain synthetically fixed through an interest rate agreement
with UBS AG ('AA'; Rating Watch Negative by Fitch).
A forward interest rate agreement
is derivative financial instrument designed to serve as a hedge against interest rate fluctuations.
The $450 million unsecured variable interest rate agreement
is comprised of a $250 million revolving loan facility and a $200 million term loan.
Following the series 2000 bond issue, BHI entered into a five-year interest rate agreement
with a cap of 7% and a floor of 3.
Debt service on the series 2004 bonds will be synthetically fixed through an interest rate agreement
with UBS AG ('AA+', Stable Rating Outlook by Fitch).
Every borrower should hedge this uniquely low level of interest rates by means of a fixed interest rate agreement
, Bosek is convinced.
The third quarter accounting adjustment charges will reduce the Company's mortgage premium and interest rate agreement
The framework agreement will not include loans in the obligation and certificates market and interest rate agreements
Called swaptions for short, these interest rate agreements
are usually designed to cushion debt payments in case interest rates rise.
The framework agreement will not include loans in the obligation and certificate market and interest rate agreements