ICL-AF-0001 Active
Aurora Freight Group In-House Bank · Aurora Freight Group plc
€25,000,000
Aurora Freight Treasury Centre → Aurora Freight Deutschland GmbH
No physical cash moves between the subsidiaries. The loan sits on the in-house bank's notional balances — the lender's account is credited and the borrower's debited — but the interest is real and is a defensible transfer price for tax purposes.
Arm's-length rate build-up
Benchmark + credit spread = arm's-length rate
390 bps
+
120 bps
=
510 bps
View data table
| Component | Basis points |
|---|---|
| ESTR benchmark | 390 bps |
| Credit spread | 120 bps |
| Arm's-length rate | 510 bps |
Loan terms
Booked through the in-house bank
- Lender
- Aurora Freight Treasury Centre (SG)
- Borrower
- Aurora Freight Deutschland GmbH (DE)
- Principal
- €25,000,000
- Currency
- EUR
- Benchmark
- ESTR · 390 bps
- Credit spread
- 120 bps
- Arm's-length rate
- 510 bps
- Interest convention
- Act 360
- Start date
- 23 Dec 2025
- Maturity date
- 23 Dec 2028
- Accrued interest
- €708,333
- Indicative annual interest
- €1,275,000
- Tax jurisdiction (borrower)
- Germany
Purpose
Why the in-house bank booked this facility
Fund Rhine terminal automation capex