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Written by Aidan Hamade
Updated over a week ago

LIBOR stands for London Inter-Bank Offered Rate and is produced each business day based on submissions from a reference panel of 10+ banks based on what rate they
would need to pay to borrow funds from other banks.

LIBOR rates are produced and published by ICE (Intercontinental Exchange).

Sterling Floating Rate bonds typically pay a coupon that is based on a fixed spread above the 3m £ Libor rate.

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