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HIBOR

   Also found in: Financial 0.01 sec.
AcronymDefinition
HIBORHong Kong Interbank Offered Rate


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Subject to the satisfaction of customary conditions precedent to funding, the Term Loan Facility will be available for drawdown in HK$ or US$, bearing interest at HIBOR or LIBOR (respectively) plus a margin, in accordance with the Senior Facilities Agreement.
6 million in fixed-term loans from the company's two major shareholders, repayable in 18 months from the balance sheet date and carrying interest at 3-months HIBOR per annum.
polling of mid-market rates, based on underlying HIBOR and a standard bid-offer spread of five basis points, will be mean-averaged to three decimal places.
 
 
 
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