Arbitrage Economics & Synthetic Landed Execution
BENCHMARK: USD SOFR + SPREAD
Local All-In Coupon
4.80%
Local Rate + Spread
Synthetic USD Landed Cost
105.5 bps
Spread vs USD SOFR
Net Arbitrage Savings
14.5 bps
vs Home Market +120.0 bps
Annual USD Savings
$1,087,500
$5.44M over 5Y
Liquidity Depth
High Tier-1
60% Domestic / 40% Asian CBs
FUNDING SPREAD BY TENOR (3Y - 30Y)
● Synthetic Swapped | ■ Domestic USD
CROSS-MARKET ARBITRAGE (NET BPS SAVINGS)
+ Advantage vs Domestic
APAC Debt Hubs Comparison Matrix
| Market / Asset | Currency | Local Benchmark | Credit Spread | CCBS Spread | Synthetic USD Cost | Net Arbitrage | Action |
|---|