STIBORStockholm Interbank Offered Rate
References in periodicals archive ?
The terms of the issue are three months STIBOR +180 basis points with a term until December 2013.
New Wave Group expects, however, that the Group's interest expenses during 2009, due to expected lower STIBOR, will be lower than in 2008.
The variable part is the profit-share, calculated as a fixed formula, 50 per cent of the Group's operating profit, before profit-share, after a deduction of an amount equal to 12- months STIBOR (Stockholm Interbank Offered Rates) on the opening balance of the Shareholders' equity for the year, adjusted for any dividends distributed to Shareholders.