South West Water has changed the pricing benchmark on an outstanding loan with SONIA from LIBOR to SONIA . The loan has a sustainability element, with the spread over the benchmark rate tightening if the company hits sustainability targets, making it the second Viridor -linked sustainable loan in the market. It is also the first SONIA -linked loan in a pilot scheme the bank is running with a small group of customers ahead of offering SONIA -linked loans to the wider market.
South West Water has changed the pricing benchmark on an outstanding loan with NatWest from LIBOR to SONIA. The loan has a sustainability element, with the spread over the benchmark rate tightening if the company hits sustainability targets, making it the first SONIA-linked sustainable loan in the market. It is also the second SONIA-linked loan in a pilot scheme the bank is running with a small group of customers ahead of offering SONIA-linked loans to the wider market.