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Euro Interbank Offer Rate
(redirected from Euribor)

   Also found in: Acronyms, Wikipedia 0.01 sec.
Euro Interbank Offer Rate
The average interest rate participating banks offer each other for unsecured loans. The loans are denominated in the euro even though not all participating banks operate in the European Union. Because these banks operate the largest share of the European money market, the EURIBOR is a benchmark for short term interest rates. It is also a benchmark for euro-denominated forward rate agreements and interest rate swaps. Likewise, EURIBOR is used in some floating rate bonds, with the interest rate spread being expressed as: "EURIBOR + X base points." See also: LIBOR, panel bank.


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The lack of trust between banks, he added, has led to the significant increase in interbank interests (Euribor) and an increase in the difference between Euribor and the official interest rates of the European Central Bank (ECB), especially during September and October.
Following the call date, the notes will have an interest rate of 585 basis points above EURIBOR 3 months, payable quarterly in arrears.
But at the same time, the euribor rate (Euro Interbank Offered Rated), which is based on the average interest rates at which a panel of more than 50 European Banks borrow funds from one another, is almost 1.
 
 
 
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