Principal borrowed | 650000 | ||
Issuance fee | 1.20% | ||
Interest Costs | First 6 months | Next 6 months | |
LIBOR | 4.00% | 4.20% | |
Spread | 0.80% | 0.80% | |
Total cost | 4.80% | 5.00% | |
Borrowing | 650000 | ||
Less issuance fee | 7800 | ||
Net loan | 642200 | ||
First 6 months | Next 6 months | ||
Interest | 15600 | 16250 | |
Total interest | 31850 | ||
Cost (Interest/Net Loan) | 4.96% |
Petrol ibence. Petrol tbenco, a European gas company is borrowing The tr swa te pr ned by a synde teofeg t lead g strent bankers which wil charge uphont t es totaing 1 2% of he pm c 650,000,000 v...
Petrol Ibérico. Petrol Ibérico, a European gas company, is borrowing $600,000,000 via a syndicated eurocredit for six years at 110basis points over LIBOR. LIBOR for the loan will be reset every six months. The funds will be provided by a syndicate of eight leading investment bankers, which will charge up-front fees totaling 1.4% of the principal amount. What is the effective interest cost for the first year if the annual LIBOR is 3.50% during the first six months and 3.70%...
Petrol Ibérico. Petrol Ibérico, a European gas company, is borrowing $750,000,000 via a syndicated eurocredit for six years at 70 basis points over LIBOR. LIBOR for the loan will be reset every six months. The funds will be provided by a syndicate of eight leading investment bankers, which will charge up-front fees totaling 1.3% of the principal amount. What is the effective interest cost for the first year if the annual LIBOR is 3.50% during the first six months and...
Petrol Ibérico. Petrol Ibérico, a European gas company, is borrowing $750,000,000 via a syndicated eurocredit for six years at 100 basis points over LIBOR. LIBOR for the loan will be reset every six months. The funds will be provided by a syndicate of eight leading investment bankers, which will charge up-front fees totaling 1.4% of the principal amount. What is the effective interest cost for the first year if the annual LIBOR is 4.10% during the first six months and...
Petrol Ibérico, a European gas company, is borrowing $500,000,000 via a syndicated eurocredit for six years at 70 basis points over LIBOR. LIBOR for the loan will be reset every six months. The funds will be provided by a syndicate of eight leading investment bankers, which will charge up-front fees totaling 1.3% of the principal amount. What is the effective interest cost for the first year if the annual LIBOR is 4.10% during the first six months and 4.50% during...