Company A can borrow at 85% (dollars) or 116% (pounds) Alternatively, company B can borrow at 13% (pounds) or 11% (dollars)  A swap dealer offers Company A the choice to pay 12% (pounds) and to...

Company A can borrow at 85% (dollars) or 116% (pounds)Alternatively, company B can borrow at 13% (pounds) or 11% (dollars)

A swap dealer offers Company A the choice to pay 12% (pounds) and to receive 85% (dollars)

The swap dealer then offers company Bthe choice to pay 105% (dollars) and to receive13% (in £)Does the swap make sense for company A and Company B?