Table 5 shows that coupon rates in 1996 and 1997 were even lower than the 3-month
HIBOR at issue.
The information was first received by the Hong Kong Monetary Authority, which has already commenced an investigation into the details of
Hibor submissions.
The credit facility due in three and a half years will be drawn in either US or Hong Kong dollars and will come with a margin of 293 basis points above
Hibor, according to the source.
In particular, overnight CNH
HIBOR fixing has dropped back to the benign 1% handle after going as high as 66.8% on 12 January.
Hong Kong is reviewing and considering reforms to the way the Hong Kong Interbank offered rates (
Hibor) are determined after the scandal arising out of the Libor impacted on the financial sector.
The loan pays a margin of 200 basis points above
Hibor, showed a filing to the Hong Kong bourse.
The ratio of new mortgage loans priced with reference to
HIBOR remained unchanged at 95.9% in July.
The bank said that the move has been made under pressure of an increased Hong Kong interbank offered rate (
Hibor).
The ratio of new mortgage loans priced with reference to
HIBOR increased from 93.4% in August to 93.6% in September.
CNH market) with effect from toThe nine PLPs were selected through a competitive process among the former PLPs and the contributing banks for CNH
HIBOR fixing, which are all active participants in the CNH market.
New mortgage loans priced with reference to
HIBOR increased from 41.7% in January to 54.8% in February.
The Hong Kong Monetary Authority (HKMA) announced today the outcome of its investigations into the Hong Kong Interbank Offered Rate (
HIBOR) fixing.
