The bank also decided to offer a new product for new saving certificates with variable interest rate
, according to the corridor rate announced by the Central Bank of Egypt (CBE).
Theloan has a variable interest rate
, but Griffin entered into an interest rate swap agreement with People's Bank that effectively fixes the interest rate at 4.
New Central Bank rules to increase consumer protection will make it necessary for lenders to provide a "statement of factors" explaining how they set their variable interest rate
The loan, which aims to fund a road development project, will be repaid over 34 years including a grace period of five years and a half with a variable interest rate
not exceeding 1%.
The loan is attracted for 16 years with a 7-year privileged period with the variable interest rate
for 6 months LIBOR + variable spread (as of signing date 0.
The notes have a variable interest rate
and a fixed interest rate of 4.
The return comes in two flavors: a fixed interest rate set when TIPS are issued and a variable interest rate
that tracks inflation.
Given that some time has passed since we issued our report, the Chairman asked for our perspective on whether economic circumstances--such as current and projected interest rates--are such that a variable interest rate
remains a viable option for reducing federal costs of student consolidation loans.
The loan is for a 20-year term with a four-year grace period, at a variable interest rate
19 per cent discount off standard variable interest rate
until March 31, 2006.
The payments on the bond issue will be amortized over a thirty-year period, at a variable interest rate
(which is currently 1.