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Interbank rate

   Also found in: Wikipedia 0.03 sec.
Interbank rate
See: LIBOR

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In 1998, the Federal Reserve responded to financial system distress by lowering the overnight interbank rate by 75 basis points in a span of seven weeks.
If the Company elects to extend the Expiration Date past April 30, 2007, the interest rate on the Notes will increase from the London Interbank Rate plus 7.
Smurfit Kappa Group Limited Analysis of Net Debt June 30, June 30, 2006 2005 EUR '000 EUR '000 ---------------------------------------------------------------------- Senior credit facility: Revolving credit facility (1) - interest at relevant interbank rate + 2.
 
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