Examples of BBSY Rate in a sentence
BBSY Rate means the 1 year bid rate percent per annum shown on Reuters Monitor System page “BBSY” or another page that replaces the BBSY page on that system on or about 10:15am.
If this occurs, the amount of interest that is refundable will be calculated on a pro rata basis based on the prevailing BBSY Rate less an amount representing the cost to Macquarie of breaking its funding in respect of the relevant Macquarie Income Instalments (or redeploying amounts received early).Part of the Interest Amount is refundable if the Current Loan Amount is reduced by a Special Dividend.
Floating Interest Rate means the BBSY Rate plus the Interest Margin.
The Interest Drawdown Amount is calculated in the manner set out in Section 2.6. Investors should note that the Floating Interest Rate on any Interest Drawdown Date will be set by Macquarie based on the BBSY Rate plus the Interest Margin.
The Annual Interest Amount is calculated based on the Loan Amount outstanding (after drawdown of the Annual Interest Amount), forecast future dividends and the current market interest rate (BBSY Rate) plus the Interest Margin.