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On offer was a decrease of 1% in the interest rate payable on the bailout loans.
The Italian debt agency sold €9bn of one-year bonds at an average yield of 1.692% (that's the interest rate payable on the debt).
Then, after my daughter had already clocked up a term's worth of loan, I was alerted to the high interest rate payable on the £9,000.
The business has been hit by clients withdrawing their money because of the credit crunch, and on 14 November it said it had accepted tougher terms on its borrowings, with the interest rate payable increased by 1.5 percentage points.
After months of negotiations, Europe agreed to limited debt relief to Greece earlier this month by giving Athens longer to pay and reducing the interest rate payable on its loans.
The draft agreement, however, did not specify the interest rate payable on the money lent to Portugal, making it difficult to assess a claim by Prime Minister José Sócrates late Tuesday that his government had negotiated "a good deal that defends Portugal," as well as better terms for its bailout than those accepted last year by Greece and Ireland.
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This means the choice available may not always be as competitive in terms of interest rates payable as non-green mortgages.
Syncora insures some of the $1.4 billion in "certificates of participation" issued by the city to shore up two public employee pension funds as well as swap agreements through which the city hedges interest rates payable on some of the certificates.
The government faces fresh pressure to introduce a cap on the interest rates payable on short-term "payday" loans targeted at poorer consumers, after a cross-party group of MPs – including David Miliband – signed up in support of a motion demanding action.
The maximum interest rate subsidy payable under the old guidelines was $100,000 in any 12-month period, with a cumulative maximum of $500,000 over five years.
The note, due Dec. 31, 1975, will bear no interest until Dec. 31, 1972 and will have an an nual interest rate of 8percentnt payable quarterly after 1972.
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