Mumbai: The Reserve Bank of India (RBI) to ensure greater transparency proposed that floating interest rates
on personal, home, auto and micro and small enterprises (MSEs) loans be linked to external benchmarks like repo rate or treasury yields.
As of June 30, 2018, 97.2% of Hercules' debt investment portfolio of $1.55B, at cost, was primarily priced at PRIME or LIBOR-based floating interest rates
, while 92.8% of the company's outstanding debt obligations have a fixed rate of interest.
These bonds are divided into two tranches, SEK550m of which has floating interest rates
and SEK650m of which has fixed interest rates.
The socialist MP emphasized that the legal changes were related to an EU Directive and assured that it would not make interest rates more expensive because the second change proposed by BSP affected the formation of floating interest rates
GE Capital placed on Tuesday two tranches of non-callable senior unsecured notes with fixed and floating interest rates
, respectively, for an aggregate amount of USD3.1bn.
D K Vyas, CEO, Srei BNP Paribas, said, 'The cost of our funds is indeed increasing, but the same is being passed onto customers due to floating interest rates
and we are glad to note that the defaults from our customers is not much, in fact its less than 0.5 percent.'
Real estate derivatives typically take the form of a total return swap on commercial or residential property indices against floating interest rates
plus a spread.
The government said it will issue bonds only with fixed interest rate and stop issuing ones with floating interest rates
Unlike the existing government bonds for purchase by individuals which carry floating interest rates
and fall due in 10 years, the new bond will be a five-year issue with a fixed rate expected to be comparable with rates on fresh five-year government bond issues.
The product is fully multi-currency capable and provides branch and multi-company support, along with fully automated accounting, accruals, commissions, statements and support for fixed and floating interest rates
and varying rates and rules for taxation and inflation.
Developing countries (many of which were ruled by dictators) grabbed the money at floating interest rates
and in many cases spent it building monuments to their leaders, buying arms or socking it away in foreign banks.