Banks quiet on Libor legacy transition, say Asian clients

Hong Kong Electric Company and APG Asia say dealer engagement on amending products is limited

All quiet on the Asian front: banks aren't engaging with clients on the move to new rates

Asian firms say there has been minimal engagement from dealers about the transition of their investments, debt and hedges off the Libor family of benchmarks.

“There has been just a handful of banks that have approached us about advising us on the developments in Libor transition,” said Vincent Chow, group treasurer of the Hong Kong Electric Company, which has just under $2 billion worth of debt linked to Libor, or about 15% of its total debt stock.

“Transition for us has to be in conjunction

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here