National Express first off line with Sonia loan

National_Express_Alamy_230x150
By Mike Turner
01 Jul 2019

The UK’s National Express has become the first company to sign a loan benchmarked against Sonia, as part of NatWest’s pilot programme to shift away from the scandal-hit Libor standard.

The size of the bilateral revolving credit facility for the transport firm is in the tens of millions of pounds, according to a source with knowledge of the transaction, who stopped short of revealing the full size and maturity.

NatWest said last month that it would offer loans of ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.