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Circular Letter on SMEC and KfW Credit |
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DATE : August 14, 2004
FOR : ALL MEMBER BANKS FROM : (SGD.) SENEN D. GLORIOSO, President RE : CIRCULAR LETTTER ON SMEC AND KfW CREDIT FACILITIES Kindly be advised that the applicable interest rate for new loans under the SMEC and KfW Credit Facilities during the month of August 2004 and all outstanding variable rate loans is 7.9% p.a. Further, the applicable interest rate for new loans or loans credited from variable to fixed rate for the month of August 2004 is 7.9% p.a. plus premium based on the following remaining term: Term Premium 1-3 years 2% Over 3 to 5 years 2.5% The above shall be subject to conditions as stated in the attached letter by PBSP dated August 2, 2004 for your reference. For your guidance. |
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