LIBOR

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Related to London Interbank Offered Rate: Exhaustion Gap

LIBOR

(ˈlaɪbɔː) or

Libor

n acronym for
London Inter-Bank Offer Rate: the standard rate of interest for loans between financial institutions
References in periodicals archive ?
The source said the CBE will give banks the necessary liquidity to cover 25% of their temporary credit facilities granted to importers in foreign currencies on Wednesday morning, on condition that the banks return this liquidity as a deposit within the CBE at an interest rate linked to the London Interbank Offered Rate (LIBOR).
The London Interbank Offered Rate is used as the basis for hundreds of trillions of dollars of loans and transactions around the world from complex derivatives to mortgages.
The bank will raise funds with a three-year lifespan and will pay a margin of 120 basis points over the London interbank offered rate (Libor).
Summary: For manipulating the London interbank offered rate (Libor) and foreign exchange rates, many believed the price would be heavy for some of the world’s largest ...
London Interbank Offered Rate or Libor is a leading benchmark interest rate used in financial products and transactions around the world.
The facility, to be arranged by HSBC, National Bank of Abu Dhabi, Natixis and Sumitomo Mitsui Banking Corp, will pay an interest rate of 120 basis points above the London interbank offered rate (Libor), the lender said at a signing ceremony in Dubai.
The five-year facility was obtained from a group of seven banks and pays 1.5 percentage points including fees more than the London Interbank Offered Rate, said the bankers, asking not to be identified because the information is private.
Almarai's deal was priced at 200 basis points over the three-month London Interbank Offered Rate, in line with previously given guidance.
The London Interbank Offered Rate, or Libor, was notoriously rigged last year.
Bloomberg News cites a person with knowledge of the transaction saying that the refinancing will include a $450 million three-year term loan B that will pay interest at 3.5 percentage points more than the London interbank offered rate, with a l% floor on the lending benchmark.
Bloomberg has reported that the automaker, with USD12.6bn of bonds maturing in 2013, sold USD150m of 18-month notes to yield 50 basis points more than the London interbank offered rate and USD950m of two-year notes to yield 60 basis points more than the benchmark.
The laon was priced at 65 basis points over the London interbank offered rate (Libor).
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