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What spreads will be offered on the TALF loans on the first subscription date?

April 26, 2017Loans offered spreads subscription talf

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What spreads will be offered on the TALF loans on the first subscription date?

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Borrowers will be able to choose either a fixed or a floating rate on each TALF loan. In general, the interest rate on floating-rate loans will be 100 basis points over 1-month LIBOR and the interest rate on fixed-rate loans will be 100 basis points over the three-year LIBOR swap rate.