Norway’s Grieg Maritime Group and DNB have entered into loan agreements based on a post-LIBOR rate system. As part of a pilot of project with DNB, Grieg Maritime adopted SOFR (Secured Overnight Financing Rate) as basis borrowing rate in its refinancing deal for handy bulker Star Japan replacing a loan using the LIBOR system. LIBOR …
Norway’s Grieg Maritime Group and DNB have entered into loan agreements based on a post-LIBOR rate system. As part of a pilot of project with DNB, Grieg Maritime adopted SOFR (Secured Overnight Financing Rate) as basis borrowing rate in its refinancing deal for handy bulker Star Japan replacing a loan using the LIBOR system. LIBOR …
[post_title] => Grieg and DNB pilot SOFR loan
[post_excerpt] => Norway’s Grieg Maritime Group and DNB have entered into loan agreements based on a post-LIBOR rate system. As part of a pilot of project with DNB, Grieg Maritime adopted SOFR (Secured Overnight Financing Rate) as basis borrowing rate in its refin...
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[post_modified] => 2021-02-01 02:45:44
[post_modified_gmt] => 2021-02-01 02:45:44
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