Banks quiet on Libor legacy transition, say Asian clients

Hong-Kong-bridge — All quiet on the Asian front: banks aren't engaging with clients on the move to new rates

Narayanan Somasundaram
30 May 2019

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You already have an account with us*. Sign in below to continue.