KBC - So what do you think?Wholesale funding rates have reduced significantly since the start of the year. The NTMA issued 10 year bonds at 0.1% yesterday - they were yielding 0.9% at the start of the year.
Which bank are you with?
KBC - So what do you think?
Was it a 5 year fixed with 4 years left?thanks
July 18 - july 22 (36 months left)
511,589 left
3.35% at fixing
no 5 years with 3 left sorry I should have said july 17Was it a 5 year fixed with 4 years left?
Wasn't aware of a 4 year rate with KBC?
That makes more sense.no 5 years with 3 left sorry I should have said july 17
Just checked with BOI today, 17k to break out of my fixed rate!!!
How long is the term? How big is the balance?
If I have applied the above calculation above correctly, in order to avoid a break fee, I will need to wait until the cost of funding or the "n" year ICE swap rate is above 0.927%.
Exactly right @NoRegretsCoyote. They sent me two of these a year ago when I enquired. The first was after my initial inquiry where the EuriBid investment rate was about -0.09 for a 3 year term. I decided to confirm a month later to exit the fixed term where they sent me another calculation. It was -0.23% next time round. This meant the break fee went from €0 to €500 at that time. I accepted it at the time. My confusion Lay on the word Euribid as It doesn't seem to be a term used anywhere outside of BOI. It seems the era of low interest rates is not over as many expected a year ago. ECB rate may go negative before the end of the year.
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