Home / All Reports / Royalty & Interest Rates /Intra-Group Loans (USD) — Interest Rate Study, FY 2025-26
Royalty & Interest Rates
Intra-Group Loans (USD) — Interest Rate Study, FY 2025-26
Arm’s-length interest rate ranges for USD-denominated intra-group loans, by credit rating band and tenor, built from corporate bond yield curves.
| Jurisdiction | Global |
|---|---|
| Industry | Financial Services |
| Tested party | Intra-group borrower |
| Method | CUP |
| Financial year | FY 2025-26 |
| Data source | Bloomberg, Refinitiv |
| Length | PDF report (34 pages) + Excel workbook |
| Last updated | 18 August 2026 |
| Licence | Single-firm licence — unlimited internal client deliverables |
| Format | PDF + XLSX |
What is inside
- Interest rate ranges by implied credit rating and tenor
- Credit rating methodology for the borrowing entity, with the scoring shown
- Yield curve data and the spread calculation
- Commentary on implicit group support and its effect on the rate
- Excel workbook with the curve data and a rate calculator
Who this is for
Firms pricing or defending an intra-group loan, cash pool balance or guarantee fee where the funding is USD-denominated.
What this is not
This is an interest rate benchmarking study. It does not include the credit rating of your specific borrower — the methodology is supplied so you can apply it, but the scoring is not done for you.
Licence and restrictions
One purchase licenses one firm. You may use this in an unlimited number of your own client deliverables. You may not resell it, redistribute it, or share the source files outside your firm.