25% over Libor, the London Inter-bank offer rate
while the total cost of borrowing after hedging will come around 6% a year.
Other topics include UAE monetary and banking statistics, inter-bank offer rate
, Basel-II and the impact of implementation of Basel-III on the banking sector.
1 billion dirhams in bonds in 2007 with a two-year maturity and a coupon rate of 52 basis points above the Emirates Inter-bank Offer Rate
, or Eibor.
The Emirates Inter-bank Offer Rate
is the rate that banks lend to each other on.
These participants may be encouraged by recent movements in the spread between the London Inter-Bank Offer Rate
(LIBOR) and the short-term Treasury rate.
The new $500 million line of credit bears interest at the London Inter-Bank Offer Rate
(LIBOR) plus a spread of 40 to 100 basis points including a facility fee which is determined based on our credit ratings from Standard & Poor's and Moody's Investors Service, Inc.
The dividend paid on the 'B' shares has been set to 70 per cent of the six month London Inter-Bank Offer Rate
, which yesterday stood at 4.
Signs of increasing financial strains included the widening spread between the London Inter-Bank Offer Rate
(LIBOR) and a comparable short-term Treasury bill.
Both issues are callable after 10 years and, if not called, the interest rate under the subordinated notes and the dividend under the preference shares will be stepped up by 100 basis points over the initial credit spread on a London inter-bank offer rate
(LIBOR) basis, and the base rate will move from the fixed rate to floating three-month LIBOR.
Taking advantage of current market conditions, we have fixed interest rates on the remaining portion of our term loan by executing a new rate swap at only 24 basis points over the current 3-month London Inter-Bank Offer Rate
The interest rate on the facility is floating and is based on the London Inter-Bank Offer Rate
("LIBOR") plus 1.
In order to minimize the Company's floating interest rate exposure, in March 2003, AMAC entered into a five-year London Inter-Bank Offer Rate
("LIBOR") interest rate swap with an annual fixed interest rate payable of 3.