Euro Interbank Offer Rate

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.
References in periodicals archive ?
priced at 45 basis points above the Euro Interbank Offer Rate (EURIBOR) for the
1bn one-year bridging facility, priced at 45 basis points above the Euro Interbank Offer Rate (EURIBOR) for the first six months and increasing by 15 basis points in each of the following three months.
According to Bloomberg, the euro Interbank offer rate and the overnight indexed swaps difference (Euribor-OIS spread) was recorded at 23.