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HIBOR definition

HIBOR means the Hong Kong inter-bank offered rate.
HIBOR means, in relation to any Loan denominated in HK dollars:

Examples of HIBOR in a sentence

  • Interest rates on the Group’s bank loans are repriced according to the HIBOR monthly.

  • Except as otherwise provided herein, an Interest Election Request for conversion to, or continuation of, any Eurodollar Borrowing, EURIBOR Borrowing, HIBOR Borrowing, SIBOR Borrowing, Australian Bank Xxxx Rate Borrowing or Canadian BA Rate Borrowing shall be irrevocable on and after the related Interest Rate Determination Date, and the Borrower shall be bound to effect a conversion or continuation in accordance therewith.

  • The loans were sold at par and a monthly interest is payable at rates based on Hong Kong Interbank Offered Rate (HIBOR) on the balance of the portfolio sold after repayment of principal by the borrowers of home purchase loans.

  • The Group expects that HIBOR will continue to exist and the interest rate benchmark reform has not had an impact on the Group’s HIBOR-based borrowings.

  • Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of ten Eurodollar Borrowings, EURIBOR Borrowings, HIBOR Borrowings, SIBOR Borrowings, Australian Bank Xxxx Rate Borrowings or Canadian BA Rate Borrowings outstanding.


More Definitions of HIBOR

HIBOR means, in relation to any HIBOR Loan, the rate per annum equal to the Hong Kong Interbank Offered Rate (or a comparable or successor rate which rate is approved by the Administrative Agent), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at or about 11.00 a m (Hong Kong time) on the applicable Interest Rate Determination Date with a period comparable to the applicable Interest Period; provided that in no event shall HIBOR he less than 0.00%.
HIBOR means, in relation to any Loan:
HIBOR refers to the interbank lending rate for Hong Kong Dollars in the Hong Kong Financial Market. In accordance with the banking practice, both parties agree that the pricing benchmark rate rule under this contract shall be defined as T-2-day HIBOR, where “T” refers to the date on which the borrowing rate is determined and “T-2 “refers to the two working days preceding that date.
HIBOR means Hong Kong Interbank Offered Rate (HIBOR), the rate on which Hong Kong dollar-denominated instruments are traded between banks in Hong Kong. Fixing rates (ranging from 1 to 12-month) are set at 11:00 am. (Hong Kong time) based on HIBOR quotations provided by 20 banks designated by the Hong Kong Association of Banks (HKAB). By eliminating the three highest (or in the case of equality, three of the highest) and the three lowest (or in the case of equality, three of the lowest) of such HIBOR quotations, the arithmetic mean of the remaining 14 offered rates for each period (rounded up to five decimal places) shall represent the HKAB interest settlement rates.
HIBOR means the T-2 Day Hongkong Interbank Offered Rate prevailing on Hong Kong financial market.
HIBOR means, with respect to any Euro-Dollar Loan or Borrowing denominated in Hong Kong Dollars, the average rate designated “Fixing” at 11:00 a.m. (Hong Kong time), as displayed on the “HIBOR1=R” page of the Reuters screen (rounded upwards if necessary to the next higher 1/16 of 1% if the same is not already such a percentage) (if there is such an average rate displayed) or the arithmetic mean (rounded upwards if necessary to the next higher 1/16 of 1% if the same is not already such a percentage) of the quotations in effect at or about 11:00 a.m. (Hong Kong time), as displayed under the heading “HONG KONG INTERBANK OFFERED RATES (HK DOLLAR)” on the “HIBOR1=R” page of the Reuters screen (or any such successor page/source)(if no such average rate is displayed) on the first day of each Interest Period for Hong Kong Dollar deposits for a period of the same duration as the relevant Interest Period or, if such period is not available, for a period as determined by the Hong Kong Dollars Agent as approximately equal to the duration of such Interest Period and if in the latter case less than two quotations are available, the rate quoted by the Reference Bank to the Hong Kong Dollars Agent at the request of the Hong Kong Dollars Agent as being the rate which was being offered on deposits of Hong Kong Dollars in an amount comparable to the relevant advance on the first day of the relevant Interest Period by prime banks at or about 11:00 a.m. (Hong Kong time) on such day to such Reference Bank in the Hong Kong interbank market for delivery on such day for the number of days comprised in such Interest Period.