HIBOR


Also found in: Acronyms.

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.
References in periodicals archive ?
Table 5 shows that coupon rates in 1996 and 1997 were even lower than the 3-month HIBOR at issue.
In the investigation of UBS AG (UBS), the HKMA found about 100 communication records during 2006 to 2009, in the form of internal chat messages, which contained change requests by several UBS traders to the UBS HIBOR submitter with a view to rigging the HIBOR fixing.
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.
The facility has a maturity of five years at 138 basis points over HIBOR.
The interest rate on the facility will fluctuate based on HIBOR plus a margin, set at 2.
The portion priced with reference to HIBOR remained unchanged at 30.