Helibor (Helsinki Interbank Offered Rate) was a reference rate that was used in 1987–1998 on the Finnish interbank market. It was calculated each day as an average of the interest rates at which the banks offered to lend unsecured, Finnish markka nominated funds to each other.
Helibor was quoted for 1, 2, 3, 6, 9 and 12 month maturities. It was widely used as a reference rate for company loans and housing loans. Before deregulation and floating the currency, it was rather high compared to the rest of the Western world, meaning that for instance mortgage interest rates were regularly ca. 15%. This so-called Suomi-lisä was removed by deregulation.
Fluctuations in the Helibor played a prominent role in the Finnish banking crisis in the late 1980s and early 1990s.
- Mika Vaihekoski. The Finnish Stock Market: Recent Trends and Important Events. Liiketaloudellinen Aikakauskirja — The Finnish Journal of Business Economics, 4/1997.
- G. Geoffrey Booth et al. The financing of residential real estate in Finland: an overview. Journal of Housing Research 5(2). 1994.