National Express first off line with Sonia loan
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 ...
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