Turbotec Plc has 100 million of floating rate debt on its balance sheet that is due to be repaid in 10 years time. The interest rate payable is LIBOR + 3%. Although interest rates, including LIBOR, are at historically low levels Turbotec is concerned that these rates may rise in the future. Required: Discuss in detail the techniques available to Turbotec Plc in order that it may hedge its interest rate risk.