PHL converts 1113-billion World Bank loans to fixed rate

by sylpho4u · December 15, 2023

PHL converts 1113-billion World Bank loans to fixed rate- The Philippines has converted $11.13 billion worth of outstanding World Bank loans to fixed rate from floating rate, a move that could yield as much as $125.1 million in foreign interest payment savings, its finance ministry said on Friday. The transaction, which was done last month, achieved an average fixed reference rate of 4.19% for […]

Source: bworldonline.com