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sir ,please Given an issued 5 year loan for 50 million notional at 6M LIBOR + 100 bps, and a quote for a 5 year
sir ,please
Given an issued 5 year loan for 50 million notional at 6M LIBOR + 100 bps, and a quote for a 5 year interest rate swap (IRS) to receive 5.5% and pay 6M LIBOR + 50 bps, what is the effective fixed rate received by the loan issuer? Assume semi-annual payments at 180/360 daycount basis
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