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Libor leaders: ABP crafts blueprint for corporate Libor switch

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

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

This article is part of a Risk.net 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

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