Libor leaders: ABP crafts blueprint for corporate Libor switch

UK port operator converts swaps and bonds to Sonia, but loans proving more tricky

Associated British Ports switched over £500 million of its swap exposure to Sonia last year

This article is part of a series on the practical aspects of Libor transition. Find the rest of the coverage here.

In discussions around Libor transition, corporates are generally portrayed as slow moving and out-of-touch with developments.

But last year, London-based Associated British Ports showed what corporates are capable of when they tackled the issue head on. The company shifted more than £500 million ($633 million) of interest rate and cross-currency swap exposure from

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

Most read articles loading...

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