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Interest rate agreement |
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Interest rate agreement An agreement whereby one party, for an up-front premium, agrees to compensate the other at specific time periods if a designated interest rate (the reference rate) is different from a predetermined level (the strike rate). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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). |
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