The Bodorgan Estate is owned by Sir George Meyrick and Lady Jean Taps Gervis Meyrick, the niece of the Duke of Buccleuch and the site is currently used for silage and grazing sheep.
"Libor is a mythical number, " said Meyrick Chapman, a debt-market analyst at Swiss bank UBS. The rate had meant little to the market before the start of the global credit crunch in September 2007, but it has become an important indicator of how corporate loans are priced.