Interbank Offer Rate

Interbank Offer Rate

The interest rate that banks in a jurisdiction charge one another for short-term, interbank loans. Major interbank offer rates, notably LIBOR and HIBOR, are considered key benchmark interest rates in the wider economies. Interest rate swaps, for example, often use an interbank offer rate as the reference rate for the floating payer.
References in periodicals archive ?
Prime rate or the London Interbank Offer Rate (LIBOR) index," he noted.
Interest rates are based on the three month London Interbank Offer Rate (LIBOR), recalculated quarterly, with both notes at 3 basis points below LIBOR.
The issue's interest rate will stand at London Interbank Offer Rate (libor) plus 150 basis points (bps) during the first year, and libor plus 175 bps and 200 bps for the second and third year respectively.
which bears interest at London Interbank Offer Rate plus one percent.
Home Savings' new LAMA loan is based on the 12-month average of the one-month London InterBank Offer Rate (LIBOR) and shares the same features as the 12-MAT loan.
Net Interest Margin Securities (NIMS) rated by Standard & Poor's continued to outperform original projections during the fourth quarter, as short-term rates, namely the London Interbank Offer Rate (LIBOR), remain at historic lows.
Repayment of the loan will be over two year with a spread of 250 basis points over the Luanda Interbank Offer Rate (Libor).
Conventional loans more typically are keyed to the Prime rate or to the London Interbank Offer Rate (LIBOR) index.