Transition of Sibor loans to Sora: Here's all you need to kn

If you have a housing loan in Singapore, chances are that you would have heard the terms Sibor (Singapore Interbank Offered Rate) and Sora (Singapore Overnight Rate Average). The former is set to be discontinued after Dec 31, 2024. In fact, banks have not been issuing new Sibor-pegged loans since October 2021. With Sibor set to be discontinued after Dec...

Related Keywords

Singapore , , Benchmarks Administration Co , Monetary Authority Of Singapore , Singapore Interbank Offered Rate , Singapore Overnight Rate Average , Monetary Authority , Conversion Package , Singapore Dollar , Compounded Sora , Sora Transition , Sora Conversion Package , Transition Phase , Active Transition , Adjustment Spread , Conversion Phase , Automatic Conversion Phase , Active Transition Phase ,