Page 24 - Demo

%u062c%u0645%u064a%u0639 %u0627%u0644%u062d%u0642%u0648%u0642 %u0645%u062d%u0641%u0648%u0638%u0629 %u0640 %u0627%u0625%u0644%u0639%u062a%u062f%u0627%u0621 %u0639%u0649%u0644 %u062d%u0642 %u0627%u0645%u0644%u0624%u0644%u0641 24 %u0628%u0627%u0644%u0646%u0633%u062e %u0623%u0648 %u0627%u0644%u0637%u0628%u0627%u0639%u0629 %u064a%u0639%u0631%u0636 %u0641%u0627%u0639%u0644%u0647 %u0644%u0644%u0645%u0633%u0627%u0626%u0644%u0629 %u0627%u0644%u0642%u0627%u0646%u0648%u0646%u064a%u06294- Euro-Medium-Term Notes:Euro-Medium-Term Notes a fixed-rate notes issued by a corporation. The maturity ranges from less than one year to about ten years.What are the reference rates in the international money market? The common reference rates in the global money market include the London Interbank Offered Rate (LIBOR). This LIBOR interest rate is variable.Example 1:An international bank has just issued six-year floating-rate notes with the semiannual rate of LIBOR plus 0.05%. What is the amount of the first coupon payment the international bank will pay per the U.S. $10,000 of face value if the six-month LIBOR is currently 8.5%?Solution:The amount of the first coupon = (.085 + .005) x $10,000 = $9002Example 2:Egyptian manufacturing company borrows $2,500,000 at LIBOR plus a lending margin of 1.50% on a six-month rollover basis from a London bank. If six-month LIBOR is 5.6% over the first six-month interval and 6.625% over the second six-month interval, how much will Greek Manufacturing pay in interest over the first year of its Eurodollar loan?Solution:The interest in the first year of the Eurodollar loan= $2,500,000 x (.056 + .0150)/2 + $2,500,000 x (.0625 + .0150)/2= $190,312.50