LIBOR update announcement
April 01 2019
From 01 April 2019, the 3 month London Interbank Offered Rate (LIBOR), which is applicable to all InterBay products, has decreased to 0.84%.
As a result, all InterBay term loan products will change in accordance with the new LIBOR rate and the products terms and conditions. The change will automatically apply to new and pipeline applications.
Initial pay rates for new and pipeline bridging applications will not change.
To find out more about these changes please contact your Senior Business Development Manager.