One-quarter of Libor FRNs to mature after benchmark’s death
There are $382 billion of outstanding floating rate notes (FRNs) linked to Libor that will mature after end-2021, the point at which the discredited benchmark will be scrapped, data published by the Financial Stability Board (FSB) shows. These products will be thrown into limbo after Libor’s death unless arrangements are made ahead of time to transition them to another rate.
Of the total amount, 48% is slated to mature in 2022 and 31% in 2023, with $79.2 billion maturing in 2024 and beyond.
FR
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
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 [email protected]
Copyright Infopro Digital Limited. All rights reserved.
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 [email protected]
More on Risk Quantum
Investing
How Athora uses its ties to Apollo to boost returns
European life insurer boosts returns by sourcing loan assets directly from private equity firm
Receive this by email