Regulatory Alerts2023-10-25
Added · Updated
Amendment of Operations Manual of IPFF II and Operational Directives of IPFF Project
The variable interest rates for USD-denominated facility loans under the IPFF and IPFF II projects are replaced with 6 Months CME Term SOFR due to the cessation of LIBOR after June 30, 2023. This change applies to all banks and financial institutions in Bangladesh concerned with these projects and takes effect from July 1, 2023. All other instructions in the Operations Manual and Operational Directives remain unchanged.
Topics
Share