NIBOR

AcronymDefinition
NIBORNorwegian InterBank Offered Rate
NIBORNetherlands Institute of Business Organization and Strategy Research
NIBORNigerian Interbank Offered Rate
Copyright 1988-2018 AcronymFinder.com, All rights reserved.
References in periodicals archive ?
'However, with the DMO expected to issue N100 billion worth of debts, we expect NIBOR to trend upwards,' one said.
The security came with a coupon of six-month Nibor plus 10%.
Chart 4 shows the average spread over NIBOR that banks paid each month on their issuances of floating rate notes and bonds from 2007 until end-2009.
There is indeed an interbank market for deposits in NOK, but turnover is small and the indicative interest rate NIDR (Norwegian interbank deposit rate) is usually higher than the NIBOR rate.
However, NIBOR for other tenor buckets rose: one month, three months and six months tenor buckets rose when compared week by week (w-o-w) to, 12.06 per cent (from 11.31 per cent), 12.70 per cent (from 12.44 per cent ) and 14.52 per cent (from 13.80 per cent) respectively-suggesting unwillingless of banks to lend to one another.
The bank has also issued a new Tier 2 bond issue of NOK100m with a floating coupon rate of three months NIBOR + 3.00 percentage points.
This bond will mature in February 2019 and is priced at three months NIBOR plus 3.0%.
The instrument, which is a takedown from the lender's covered bond programme, bears a coupon of 3-month Nibor + 44 basis points and is due on 17 June 2015.
The three-month NIBOR, as a result, stood at 3.8 per cent in early November 1997, with the differential vis-a-vis corresponding German interest rates at some 40 basis points and those against corresponding ECU rates slightly negative [ILLUSTRATION FOR FIGURE 11 OMITTED].
has said that it has repurchased NOK59m (nominal value) of the NOK500m 2013/2016 bond at a price of 102.5, which corresponds to a spread of 2.79 percent over NIBOR.
The shorter-term debt security was priced at NIBOR plus 1.7%, while the other instrument was priced at NIBOR plus 2.35%.