N Bor definition
N Bor means Nordea’s market-related overnight rate based on the interest rates applicable to Nordea’s funding in the short-term money markets. N Bor is fixed daily at 3:00 p.m. (Copenhagen time) and is shown in Unitel, Nordea’s electronic banking system.
Examples of N Bor in a sentence
Foreign Swingline Loans shall bear an interest rate corresponding to N Bor (or such other rate as may be mutually agreed between the Foreign Swingline Lender and the Foreign Borrowers) and may be repaid and reborrowed in accordance with the provisions hereof.