Swap Offer Rate definition
Swap Offer Rate means, the rate per annum (expressed as a percentage) determined and notified by the Calculation Agent to the Issuer and the Principal Paying Agent equal to the rate appearing under the column headed “Ask” for a maturity of five years which appears on the Bloomberg Screen TPIS Page under the caption “Tullett Prebon – Rates – Interest Rate Swaps – Asia Pac – SGD” (or such other substitute page thereof or if there is no substitute page, the screen page which is the generally accepted page used by market participants at that time) published at the close of business on the second business day preceding the relevant Reset Date(the “Reset Determination Date”), provided that, in the event such rate is zero or negative, the Swap Offer Rate shall be deemed to be zero per cent. per annum.
Swap Offer Rate means, with respect to any Euro-Dollar Loan or Borrowing denominated in Singapore Dollars:
Swap Offer Rate or "SOR" means the rate in per cent. per annum notified by the Calculation Agent to the Issuer and the Noteholders (in accordance with Condition 14) equal to the rate appearing under the column headed "Ask" for a maturity of five (5) years which appears on the Bloomberg Screen TPIS Page under the caption "Tullett Prebon – Rates – Interest Rate Swaps – Asia Pac – SGD" published at the close of business on the day that is two Business Days preceding the relevant Reset Date. If such rate does not appear on the Bloomberg Screen TPIS Page, the rate for that Reset Date will be any substitute rate announced by the Association of Banks in Singapore, provided that, in each case, in the event such rate is zero or negative, the Swap Offer Rate shall be deemed to be zero per cent.
Examples of Swap Offer Rate in a sentence
Interest on any Loans denominated in Pounds Sterling or any interest based on the Prime Rate, Canadian Prime Rate, HIBOR, CDOR, or the Swap Offer Rate, hereunder shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day).
Interest based on the Prime Rate, Canadian Prime Rate, HIBOR, CDOR, or the Swap Offer Rate, hereunder shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day).
The trust currently has a S$ 140 million loan facility at 70 basis points above Swap Offer Rate, of which S$ 20 million has been drawn.
More Definitions of Swap Offer Rate
Swap Offer Rate means the rate for deposits in Singapore Dollars for the relevant interest period which appears on the Reuters Screen ABSFIX01 Page under the heading "SGD SOR rates" as of 11:00 a.m., London time, on the day that is two Singapore and London Banking Days preceding the first day of that interest period or on such other date as DBS Bank may determine. If such rate does not appear on the Reuters Screen ABSFIX01 Page, the rate will be any substitute rate announced by ABS Benchmarks Administration Co Pte. Ltd. (or its successor as administrator or sponsor of that rate) ("Administrator"). If the Administrator does not announce such rate by 9:00pm, Singapore time, on the day that is two Singapore and London Banking Days preceding the first day of that interest rate period, DBS Bank may specify another page or service displaying the appropriate rate. "Banking Days" in this paragraph means in respect of any city, any day on which commercial bank are open for general business (including dealings in foreign exchange and foreign currency deposits) in that city;
Swap Offer Rate means the [semi-] annual swap offer rate for [Singapore $] swap transactions with a maturity of [•] years, expressed as a percentage, displayed on the Bloomberg page “[SDSW[•] TPRA Curncy]” (or such other page as may replace that page on Bloomberg, or such other service as may be designated by the [Managers]/[Dealer] in consultation with the Issuer) at [•] [a.m./p.m.] ([Singapore] time) on the [second] Singapore business day prior to [•].]
Swap Offer Rate means the rate in per cent. per annum notified by the Calculation Agent to the Issuer and the Noteholders (in accordance with Condition 14) equal to the rate appearing under the column headed "Ask" for a maturity of five (5) years which appears on the Bloomberg Screen TPIS Page under the caption "Tullett Prebon – Rates
Swap Offer Rate means the rate per annum (expressed as a percentage) determined and notified by the Calculation Agent to the Issuer equal to the rate appearing under the column headed “Ask” for a maturity of five years which appears on the Bloomberg Screen TPIS Page under the caption “Tullett Prebon – Rates – Interest Rate Swaps
Swap Offer Rate means the [semi-] annual swap offer rate for [Singapore $] swap transactions with a maturity of [•] years, expressed as a percentage, displayed on the Bloomberg page “[SDSW[•] TPRA Curncy]”
Swap Offer Rate means the rate in per cent. per annum determined and notified by the Calculation Agent to the Issuer and the Holders (in accordance with Condition 14 (Notices)):
Swap Offer Rate means, with respect to a date, the rate in per cent. per annum notified by the Calculation Agent to the Issuer and the Holders (in accordance with Condition 14 (Notices)) equal to the average of the Singapore Dollar Interest Rate Swap Offer Rate for a maturity of five years which appears on Bloomberg Screen ABSI3 page published between 11.30 am to 12.00 noon (Singapore time) on each Business Day in the three-month period ending one full calendar month immediately preceding such date. If such rate does not appear on the Bloomberg Screen ABSI3 page on any such Business Day, the rate for that Business Day will be any substitute rate announced by the Association of Banks in Singapore;