This is an amendment of an existing loan which was initially arranged based on LIBOR. South West Bank has changed the pricing structure 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 meets sustainability criteria , making it the first SONIA - linked sustainable loan in the UK . It is also the second SONIA - linked loan in a pilot scheme the bank is running with a small group of companies ahead of offering SONIA - linked loans to the wider market .
South West Bank has changed the pricing structure 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 meets sustainability criteria , making it the first SONIA - linked sustainable loan in the UK . It is also the second SONIA - linked loan in a pilot scheme the bank is running with a small group of companies ahead of offering SONIA - linked loans to the wider market .