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Loan Spread

In a floating-rate loan or bond, the fixed margin added to the reference rate (typically SOFR) to compute the all-in interest rate. For example, a corporate loan at "SOFR + 250 bps" has a Loan Spread of 250 basis points (2.5 percentage points). The Loan Spread reflects the borrower's credit risk and stays fixed for the life of the loan; the reference rate floats. Distinct from Credit Spread (which is a market-derived yield difference between two bonds of similar maturity but different credit quality).

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Related terms

10Y Treasury · Altman Z-Score · Asset Sensitivity · Basel III · Bond ETF · Bretton Woods

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