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HIBOR

   Also found in: Acronyms 0.01 sec.
HIBOR
Hong Kong Interbank Offered Rate, the annualized offer rate banks pay to attain Hong Kong three-month deposits denominated in dollars.

Hong Kong Interbank Offer Rate
The interest rate that banks in Hong Kong charge one another for interbank loans with terms of up to one year. It is considered a key benchmark interest rate in the wider Asian economy. Interest rate swaps in Asia, for example, often use HIBOR as the reference rate for the floating payer. See also: LIBOR, EURBOR.


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Subject to the satisfaction of customary conditions precedent to funding, the Term Loan Facility will be available for drawdown in HK$ or US$, bearing interest at HIBOR or LIBOR (respectively) plus a margin, in accordance with the Senior Facilities Agreement.
6 million in fixed-term loans from the company's two major shareholders, repayable in 18 months from the balance sheet date and carrying interest at 3-months HIBOR per annum.
polling of mid-market rates, based on underlying HIBOR and a standard bid-offer spread of five basis points, will be mean-averaged to three decimal places.
 
 
 
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