Long-Term Prime Rate


Also found in: Acronyms.

Long-Term Prime Rate

The interest rate charged by certain Japanese banks on loans made to highly creditworthy institutions for longer than one year. The long-term prime rate is used as a benchmark for determining other interest rates in Japan.
References in periodicals archive ?
When the gap between the coupon rate and market yields on the latest month's debenture widens to more than 0.2 point, the coupon on the new issue and the long-term prime rate are revised the following month.
The long-term prime rate is a key rate for many personal, housing and corporate loans in Japan.
The long-term prime rate, or interest charged on loans of one year or longer to most creditworthy corporate clients, will be raised for the first time in three month.
The long-term prime rate, charged to the bank's most creditworthy customers on loans of one year or longer, is usually set 0.9 point higher than the coupon on five-year debentures issued monthly to institutional investors.
Mizuho Corporate Bank to lower long-term prime rate to 2.3%
Mizuho Corporate Bank keeps long-term prime rate unchanged
TOKYO - Mizuho Corporate Bank said Thursday it will lower its long-term prime rate by 0.05 percentage point to 1.45 percent per annum, effective Friday.
TOKYO - Mizuho Corporate Bank said Monday it will cut its long-term prime rate by 0.05 percentage point to 1.50 percent per annum, the lowest level since August 2003.
Full browser ?