Bank’s Base Rates

The Bank uses the below Reference/Base Rates:

For credit facilities in Euro

Euro Interbank Offered Rate (EURIBOR)

EURIBOR (Euro Interbank Offered Rate) is the rate of interest in force from time to time and is managed by the European Money Markets Institute (EMMI), or any successor thereof, at which term deposits in Euro for periods equal to the relevant interest period of the credit facility are offered in the Eurozone Interbank Market between leading banks, and published on the Bloomberg or Thomson Reuters screens at 11 a.m. hour of Central Europe, two TARGET Days prior to the commencement of the relevant interest period. Current and past EURIBOR rates are available at the following address:

http://www.emmi-benchmarks.eu/euribor-org/about-euribor.html

Bank’s Base Rate

Please see below detailed methodology and procedure for determination of Eurobank’s Bank Base Rate.

Bank’s Housing Base Rate

Please see below detailed methodology and procedure for determination of Eurobank’s Bank Base Rate.

For credit facilities in USD

US Dollar Term SOFR

"Term SOFR" means the forward-looking term rates based on SOFR reference rate administered by CME Group Benchmark Administration Limited (or any other person which takes over the administration of that rate) published (before any correction, recalculation or republication by the administrator) by CME Group Benchmark Administration Limited (or any other person which takes over the publication of that rate) for the relevant (1-month, 3-month, 6-month and 12-month) tenors, two US Government Securities Business Days prior to the commencement of the relevant interest period.

"SOFR" means the secured overnight financing rate (SOFR) administered by the Federal Reserve Bank of New York (or any other person which takes over the administration of that rate) published (before any correction, recalculation or republication by the administrator) by the Federal Reserve Bank of New York (or any other person which takes over the publication of that rate)

For credit facilities in GBP

GBP Term SONIA

“Term SONIA” means the ICE Term SONIA Reference Rate (ICE TSRR) which is a daily benchmark for risk-free interest rates denominated in GBP designed to measure average expected (i.e. forward-looking) SONIA rates over specified tenor periods (1,3,6 and 12 months). ICE TSRRs are based on a Waterfall Methodology using eligible prices and volumes for specified SONIA-linked interest rate derivative products. TSRRs are published by ICE Benchmark Administration (https://www.theice.com/iba/risk-free-rates) at or around 11:55 am British Standard Time on applicable London business days.

“SONIA” is a measure of the rate at which interest is paid on sterling short-term wholesale funds in circumstances where credit, liquidity and other risks are minimal. SONIA is administrated by the Bank of England (https://www.bankofengland.co.uk/markets/sonia-benchmark/sonia-key-features-and-policies) and published at 9 am British Standard Time on the following London business day.

For credit facilities in JPY 

JPY TONA

“TONA (Tokyo Overnight Average Rate)” is the overnight unsecured interbank interest rate based on the cost of borrowing in the Japanese yen unsecured overnight money market and it is near risk-free rate and published by the Bank of Japan at 10 am Tokyo time for previous applicable business day.

For credit facilities in CHF

CHF SARON