ICL-AF-0005 Active
Aurora Freight Group In-House Bank · Aurora Freight Group plc
$30,000,000
Aurora Freight Treasury Centre → Aurora Freight UK Ltd
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
533 bps
+
80 bps
=
613 bps
View data table
| Component | Basis points |
|---|---|
| SOFR benchmark | 533 bps |
| Credit spread | 80 bps |
| Arm's-length rate | 613 bps |
Loan terms
Booked through the in-house bank
- Lender
- Aurora Freight Treasury Centre (SG)
- Borrower
- Aurora Freight UK Ltd (GB)
- Principal
- $30,000,000
- Currency
- USD
- Benchmark
- SOFR · 533 bps
- Credit spread
- 80 bps
- Arm's-length rate
- 613 bps
- Interest convention
- Act 360
- Start date
- 17 May 2025
- Maturity date
- 17 May 2030
- Accrued interest
- $2,145,500
- Indicative annual interest
- $1,839,000
- Tax jurisdiction (borrower)
- United Kingdom
Purpose
Why the in-house bank booked this facility
Group revolving liquidity line to the UK hub